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Listed by: Rick Applebaum DRE #01273871, Paul Espinosa DRE #01942627 | Morgan Skenderian (949) 251-8800
$3,675,000
Monthly Est:$18,292
1 Bed
1 Bath
12,487sqft
116 S Orange, Santa Ana, CA 92701
$3,675,000
$18,292/moEst:
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Apartment
Built in 1953
$-- HOA
15,001 sqft lot
$294/sq.ft
Description
This well-maintained 18-unit apartment community presents a compelling value-add opportunity in the heart of a rapidly evolving urban core. The property features all onebedroom units and offers desirable amenities including private garages, secured access, a central landscaped courtyard, and on-site laundry, creating strong tenant appeal. Recent capital improvements include new roofs, replaced electrical panels, and full SB 721 compliance, significantly reducing near-term maintenance and risk. Offered at an exceptionally attractive $204,167 per unit, the asset delivers impressive fundamentals with approximately ±31% rent upside, over ±13% cash flow on market rents, and projected ±30% equity growth upon stabilization.
Situated blocks from Downtown Santa Ana and the vibrant 4th Street Market, residents enjoy walkable access to a thriving mix of dining, entertainment, nightlife, and cultural attractions, along with proximity to major employment centers and transit, making this an ideal location for tenants seeking both convenience and lifestyle.
- Houzeo last checked: 12 hours ago
- Listing updated: September 23, 2026 at 4:47 pm
- Source: California Regional MLS-CA | MLS#: PW26035733
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1953
HOA Fees
-
Finished Area
12,487 sqft
Lot Size
15,001 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26035733
MLS Status
Active
Days on Market
237
Cumulative Days on Market
218
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: 1
Bathroom: 1
Interior
Sewer
Public Sewer
Utilities & Energy
Pool Features
None
Laundry Features
Common Area
Water Source
Public
Other Features
Community Features
Biking, Curbs, Dog Park, Gutters, Park, Sidewalks
Subdivision Name
Other
Price History
| Date | Event | Price |
|---|---|---|
06/17/2026 Source: | Listed for Sale | $3,675,000 -4.55% $294/sqft |
04/27/2026 Source: | Contingent (Active Under Contract) | $3,850,000 $308/sqft |
02/17/2026 Source: | Listed for Sale | $3,850,000 $308/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 12, 2026, 10:30AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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