Property Details
About this Property
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 ideal location for tenants seeking both convenience and lifestyle.
MLS Listing Information
MLS #
CRPW26035733
MLS Source
California Regional MLS
Days on Site
5
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 9 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Rick Applebaum
Morgan Skenderian
License #: 01273871
Phone: –
Co-Listing Agent
Paul Espinosa
License #: 01942627
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
116 S Orange is a Residential Income in Santa Ana, CA 92701. This – square foot property sits on a 15,001 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,850,000 and was built in 1953. This address can also be written as 116 S Orange, Santa Ana, CA 92701.
©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of February 17, 2026. For the most current information, please contact Rick Applebaum
