116 S Orange, Santa Ana, CA 92701
List Price: $3.85M
Listing Status: ActiveUnderContract
0Days on Market: 69
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1953
Lot Size: 15,001 sq ft
Garage Spaces: 9
Private Pool: Yes
MLS Number: PW26035733
About This Property
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 one bedroom 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 $213,889 per unit, the asset delivers impressive fundamentals with approximately 30% rent upside, over 11% cash flow on market rents, and projected 25%+ 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 provided by: Rick Applebaum DRE #01273871 949-251-8800 rma@morganskenderian.com, Morgan Skenderian
Source: CRMLS, MLS #: PW26035733
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.