116 S Orange, Santa Ana, CA — listing photo 1
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FOR SALE

116 S Orange

Santa Ana, CA 92701
15,001 Lot Sq Ft
Built 1953
$3,675,000
Price ReducedWas $3,850,000 — $3,675,000 (-$175,000)

Property Overview

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.

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Home Details

Property type
Residential Income - Apartment
Year built
1953
Lot size
15,001 sq ft
Parking
9 spaces
Garage
9 spaces
Stories
2
Days on market
218
MLS status
Active

Features & Amenities

Pool

  • None

Community, Schools & Utilities

Community

Subdivision
Other

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

116 S Orange

Santa Ana, CA 92701

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Frequently Asked Questions About 116 S Orange

Property type: Residential Income

The current asking price is $3,675,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 116 S Orange. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1953. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Santa Ana, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Santa Ana property.
The MLS currently reports the property as Active. It has been listed for 218 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

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Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Rick Applebaum
MLS ID: PAPPLRIC

Available property

$3,675,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.