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116 S Orange Ave
Santa Ana, CA 92701 Eastside

$3,675,000 USD

Apartments For Sale  •  12,487 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,487 SF
  • Lot Size 0.34 AC
  • Building Class C
  • Year Built 1953
  • Cap Rate 5.82 %
50 Transit Score
70 Walk Score

Highlights

$204,167 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 31% in Rental Upside, Over 13% Cash on Cash Return on Market Rents
Estimate of 30% Increase in Value Upon Stabilization

Financial Summary (Actual)

Net Operating Income: $213,891 USD (2025)
Cap Rate: 5.82 %
Total Expenses: $136,850 USD

Amenities

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

Public Transportation

Commuter RailDriveWalkDistance
Santa Ana Metrolink Station (Metrolink Inland Empire-Orange County Line - Amtrak, Metrolink Orange County Line - Amtrak, Pacific Surfliner - Amtrak) 3 min 19 min 1.0 mi
Orange Metrolink Station (Metrolink Inland Empire-Orange County Line - Metrolink Trains, Metrolink Orange County Line - Metrolink Trains) 9 min - 3.9 mi
AirportDriveWalkDistance
John Wayne/Orange County 10 min - 7.4 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