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116 S Orange Ave
Santa Ana, CA 92701 Eastside

$3,850,000 USD

Apartments For Sale  •  18,064 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,487 SF
  • Lot Size 0.34 AC
  • Building Class C
  • Year Built 1953
52 Transit Score
99 Walk Score

Highlights

$213,889 Price/Unit
Newer Roofs (2022), Electrical Panels (2024) and SB721 Compliant
Prime Rental Location just a few Blocks from Downtown/4th Street Market
Long Term, Multigenerational Ownership
Projected 30% in Rental Upside, Over 11% Cash on Cash Return on Market Rents
Estimate of 25%+ Increase in Value Upon Stabilization

Amenities

  • Controlled Access
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Kitchen
  • Tub/Shower
  • Vinyl Flooring

Public Transportation

Commuter RailDriveWalkDistance
Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 3 min 19 min 1.0 mi
Orange (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 3.8 mi
Transit/SubwayDriveWalkDistance
Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 4 min 19 min 1.0 mi
AirportDriveWalkDistance
John Wayne/Orange County 10 min - 5.2 mi
Long Beach (Daugherty Field) 29 min - 22.0 mi
Ontario International 47 min - 35.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: AttachedGarage
Included in Rent: Yes
Rick Applebaum 949-500-5099 Morgan-Skenderian Investment Real Estate Group
Rick Applebaum 949-500-5099 Morgan-Skenderian Investment Real Estate Group