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116 S Orange, Santa Ana, CA 92701

Santa Ana
Local realty services provided by:CENTURY 21 Synergia Realty
116 S Orange,Santa Ana, CA 92701
$3,850,000
  • - Beds
  • - Baths
  • 12,487 sq. ft.
  • Multi-family
  • Active
Listed by: rick applebaum, paul espinosa
Office: morgan skenderian949-251-8800
MLS#:PW26035733
Source:CRMLS

Price summary

  • Price:$3,850,000
  • Price per sq. ft.:$308.32

About this home

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...

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Home facts

  • Year built:1953
  • Listing ID #:PW26035733
  • Added:105 day(s) ago
  • Updated:June 03, 2026 at 10:49 AM

Rooms and interior

  • Living area:12,487 sq. ft.

Structure and exterior

  • Year built:1953
  • Building area:12,487 sq. ft.
  • Lot area:0.34 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,850,000
  • Price per sq. ft.:$308.32

Parking

  • Total parking spaces:9
  • Garage:Yes
  • Garage spaces:9
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Synergia Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Synergia Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Sandy Hernandez

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