John E Burge

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116 S OrangeSanta Ana, CA 92701

Multi-Family · 12,487 Sq. ft. | 0.34 Acres
$3,675,000 Active

116 S Orange Overview

Time on Site:
133 days
Visits:
0

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.

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116 S Orange Facts & Features

  • Type Multi-Family
  • Sq. ft. 12,487
  • Price/Sq.ft. $294
  • Lot 0.34 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: Community Apartment

Income/Expenses

  • Other Expense: 3507.0
  • Electric Expense: 6921.0
  • Fuel Expense: 6921.0
  • Gardener Expense: 5676.0
  • Gross Income: 361587.0
  • Gross Scheduled Income: 361587.0
  • Insurance Expense: 18731.0
  • Maintenance Expense: 14029.0
  • Net Operating Income: 213890.0
  • New Taxes Expense: 46079.0
  • Operating Expense: 136850.0
  • Trash Expense: 6922.0
  • Water Sewer Expense: 6922.0

Building Information

  • New Construction: No
  • Year Built: 1953

Location/Region

  • Country: US
  • County Or Parish: Orange
  • MLS Area Major: 69 - Santa Ana South of First
  • Postal City: SANTA ANA
  • Subdivision Name: Other

Community/Development

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

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash to New Loan
  • Parcel Number: 39851406
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 9.0
  • Garage: Yes

Building Interior

  • Building Area Total: 12487.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: Street
  • Laundry Features: Common Area
  • Stories Total: 2

Exterior

Parking Information

  • Parking Total: 9.0

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.3444
  • Lot Size Area: 15001.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 15001.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: No

General Information

  • Number Of Units Total: 18
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

116 S Orange Neighborhood

Community

92701 (SANTA ANA) Demographics

29
Median Age
16,771
Population Density (per sq. mile)
15%
College Educated
$53,710
Estimated Median Income
3,816
Estimated Total Home Owners
9,504
Estimated Total Renters
29% / 71%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

116 S Orange Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

116 S Orange Market Data

Based on the last 30 days in this zip code

$651,580
Average List Price
$509
Average Price per Square Foot
10
Properties Sold
72
Average Days on Market
99
Properties for Sale
Calculations provided by Reliance Network

116 S Orange History

Date Event Value Agent
6/17/2026Source: CRMLS Price Reduction
$3,675,000 -4.5%
6/17/2026Source: CRMLS Status Change
Active
4/27/2026Source: CRMLS Status Change
Active Under Contract
2/17/2026Source: CRMLS Added to Database
February 17, 2026
Listing provided courtesy of Morgan SkenderianRick Applebaum- MLS# PW26035733MLS ProviderContact Information: 949-251-8800
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