116 S Orange, Santa Ana, CA 92701
116 S Orange, Santa Ana, CA 92701
116 S Orange, Santa Ana, CA 92701
116 S Orange, Santa Ana, CA 92701
116 S Orange, Santa Ana, CA 92701
116 S Orange, Santa Ana, CA 92701
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STEVE & KRISTA: The WIDNER Team

STEVE & KRISTA: The WIDNER Team

+1(949) 842-5551
$ 3,675,000
Est. payment | /mo

0.34 Acres Lot

Save
$ 3,675,000
Est. payment | /mo
Save

0.34 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26035733

HOA Y/N No

Year Built 1953

Lot Size 0.344 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 9.0

Garage Description 9.0

Pool None

Community Features Biking, Curbs, Dog Park, Gutter(s), Park, Sidewalks

Total Parking Spaces 9

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 39851406

Energy Description 6921.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Rick Applebaum Morgan Skenderian rma@morganskenderian.com, DRE #01273871

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STEVE & KRISTA: The WIDNER Team
STEVE & KRISTA: The WIDNER Team

Agent | License ID: 00680027

+1(949) 842-5551

29811 Santa Margarita Parkway, Suite 100, Margarita, CA 92688

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116 S Orange

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