- 1 Bed
- 1 Bath
- .34 Acres
- 157 DOM
116 S Orange
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.
Essential Information
- MLS® #PW26035733
- Price$3,675,000
- Bedrooms1
- Bathrooms1.00
- Acres0.34
- Year Built1953
- TypeResidential Income
- Sub-TypeApartment
- StatusActive
Community Information
- Address116 S Orange
- Area69 - Santa Ana South of First
- SubdivisionOther
- CitySanta Ana
- CountyOrange
- Zip Code92701
Amenities
- Parking Spaces9
- # of Garages9
- PoolNone
Interior
- # of Stories2
Additional Information
- Date ListedFebruary 17th, 2026
- Days on Market157
Listing Details
- AgentRick Applebaum
- OfficeMorgan Skenderian
Price Change History for 116 S Orange, Santa Ana, (MLS® #PW26035733)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active Under Contract to Active | – | |
| Price Reduced from $3,850,000 to $3,675,000 | ||
| Status Changed from Active to Active Under Contract | – |
Rick Applebaum, Morgan Skenderian.
Based on information from California Regional Multiple Listing Service, Inc. as of July 24th, 2026 at 12:31pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.