116 S Orange, Santa Ana, CA 92701

• 1 bed |
• 1 bath

Property 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.

Listing Status:

Active

Date Added:

February 17, 2026

Data Last Updated:

July 6, 2026 at 7:12AM

Listing Office:

Morgan Skenderian : 949-251-8800

Listing Agent:

Rick Applebaum :

MLS ID:

PW26035733

Exterior

• Pool: N/K

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Orange

Lot

• Zoning: Assessor39851406

Financial

• Source: California Regional MLS