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$3,675,000
 $19,728 est/mo Sourced by Back At You

116 S Orange,Santa Ana, CA 92701

Santa Ana, CA 92701

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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.

Details

MLS #PW26035733
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1953
Days On Site201
Listing Provided ByMorgan Skenderian | Rick Applebaum

Features

SQ Feet12,487
Garage9
Story(s)2
Units18
Building(s)1
Acreage0.34

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesBiking, Curbs, Dog Park, Gutters, Park, Sidewalks

Area Information

StateCA
CountyOrange
CitySanta Ana
Zip Code92701
Area69 Santa Ana South of First
Community NameOther
Listing VS Median (in Other)
Price:
$3,675,000
low | high
Med:
$800,000
100% of Average
sqft:
12,487
low | high
Med:
1,599
100% of Average
$ / sqft:
$294
low | high
Med:
$500
19.99740484061% of Average
On site:
201
low | high
Med:
27
100% of Average
Sourced by Back At You

Market Activity 92701

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Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountyOrange
CitySanta Ana
Zip Code92701
Area69 Santa Ana South of First
Community NameOther
Listing VS Median (in Other)
Price:
$3,675,000
low | high
Med:
$800,000
100% of Average
sqft:
12,487
low | high
Med:
1,599
100% of Average
$ / sqft:
$294
low | high
Med:
$500
19.99740484061% of Average
On site:
201
low | high
Med:
27
100% of Average
Sourced by Back At You
Listing Updated: August 21, 2026 at 11:19:28 PM PDT

Coldwell Banker Home Source

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