Date
Details
Price
Change
Source
2/17/2026
Listed
$3,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/11
$3,850,000 Just Listed
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1/11
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 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.
Full Property Details
Full Property Details for 116 S Orange
General
- Price: $3,850,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW26035733
- Updated: 2/17/2026
- Days on Market: 2 days
- Added to Site: 2 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 9
Location
- Area: 69 - Santa Ana South of First
- County: Orange
- Development Name: 69 - Santa Ana South of First
- Driving Directions: South of 1st Street and East of Main Street
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 18
- # Electric Meters: 18
Structural Information
- Entry Location: Street
- Square Feet: 12,487
- Year Built: 1953
Unit Information
Unit 1
- Number of Units: 18
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.3444
- Lot Size (Sq. Ft.): 15,001
- Lot Size Source: Assessor
- Lot Description: Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $308.32
- Price Per Unit: 213889
Listed by Morgan Skenderian, Rick Applebaum and Morgan Skenderian, Paul Espinosa
We Value Your Privacy
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Listing agents
— 116 S Orange —
Rick Applebaum
Morgan Skenderian
Paul Espinosa
Morgan Skenderian
rma@morganskenderian.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 116 S Orange
School District:Santa Ana Unified School District
| Name | Grades | Distance |
|---|---|---|
Martin R. Heninger Elementary School 417 West Walnut Street, Santa Ana, CA 92701 | K-5 | 0.4 mi |
Willard Intermediate School 1342 North Ross Street, Santa Ana, CA 92706 | 6-8 | 0.9 mi |
Century High School 1401 South Grand Avenue, Santa Ana, CA 92705 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 116 S Orange
Tax History
Tax History for 116 S Orange
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,977
3%
$271,503
2%
2024
$7,734
3%
$266,180
2%
2023
$7,497
2%
$260,961
2%
2022
$7,330
2%
$255,845
2%
2021
$7,205
1%
$250,829
1%
2020
$7,163
1%
$248,258
2%
2019
$7,104
2%
$243,391
2%
2018
$6,941
1%
$238,619
2%
2017
$6,863
2%
$233,941
2%
2016
$6,759
2%
$229,354
2%
2015
$6,658
2%
$225,909
2%
2014
$6,530
2%
$221,484
—
2013
$6,391
—
$220,484
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 116 S Orange
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 1,896Sq. Ft.
Listed by Dan Choi (CalRE#: 01792771) (949) 354-4551 and Theresa Choi (CalRE#: 01957081) (949) 812-2880
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- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 2Total Baths
- 2,397Sq. Ft.
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- Single Family
- Closed
- 5Beds
- 5Total Baths
- 4,461Sq. Ft.
Listed by Dan Choi (CalRE#: 01792771) and Theresa Choi (CalRE#: 01957081)
116 S Orange, Santa Ana, CA 92701 (MLS# PW26035733) is a Multi-Family property with 18 units containing 0 bedrooms and 0 full bathrooms. 116 S Orange is currently listed for $3,850,000 and was received on February 17, 2026. Want to learn more about 116 S Orange? Do you have questions about finding other Multi-Family real estate for sale in San Juan North? You can browse all San Juan North real estate or contact a Coldwell Banker agent to request more information.