116 S Orange
Santa Ana, CA 92701
0
Bed
0
Bath
12,487Sqft
15,001Sqft(Lot)
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 Mar
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1953Building Area Total: 12487Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 15001 Lot Size Acres: 0.3444 Lot Size Source: Assessor Lot Size Square Feet: 15,001Property Information
Subdivision: Other Source Property Type: Residential Income Property SubType: Apartment Property Age: 73
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Listing Price Information
Listing Price: $3675000Original Price: $3850000Cash to New Loan
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Tax Information
Parcel Number: 39851406 Tax Lot: 9 Tax Block: B
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Parking Information
Parking Total: 9Garage Information
Has Garage: Yes Garage Space: 9
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Location Information
Direction: South of 1st Street and East of Main Street WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1022 Concord St, Santa Ana, CA, 92701 | $1,125,000 | 3 | 2 | 1,680 | 1,680 SqFt |
| 1610 N Linwood, Santa Ana, CA, 92701 | $929,900 | 3 | 2 | 1,258 | 1,258 SqFt |
| 1306 E 14th Street, Santa Ana, CA, 92701 | $1,125,000 | 4 | 2 | 2,429 | 2,429 SqFt |
| 217 N Mcclay, Santa Ana, CA, 92701 | $1,299,000 | -- | -- | 1,800 | 1,800 SqFt |
| 215 N Mcclay, Santa Ana, CA, 92701 | $1,299,000 | 5 | 2 | 1,800 | 1,800 SqFt |
| 1208 E 3rd, Santa Ana, CA, 92701 | $870,000 | 3 | 3 | 1,731 | 1,731 SqFt |
| 902 E 17th Street, Santa Ana, CA, 92701 | $3,500,000 | -- | -- | 10,990 | 10,990 SqFt |
| 254 N Standard Avenue, Santa Ana, CA, 92701 | $1,065,000 | 4 | 3 | 2,284 | 2,284 SqFt |
| 924 E 3rd Street, Santa Ana, CA, 92701 | $1,075,000 | 4 | 3 | 2,106 | 2,106 SqFt |
| 923 E 2nd, Santa Ana, CA, 92701 | $1,000,000 | 4 | 3 | 2,295 | 2,295 SqFt |
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ByOwner last updated this listing 07/25/2026 @ 08:59
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