$3,500,000
18Baths10,990SqFt
902 E 17th StreetSanta Ana, CA 92701
116 S Orange, Santa Ana, CA 92701
- 12,487 sq ft
- Built 1953
$3,675,000
The home
About 116 S Orange
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.
Property details for 116 S Orange
This apartment sits in Santa Ana in Orange County. It offers 12,487 square feet of living space and is listed at $3,675,000, about $294 per square foot. The home was built in 1953. The MLS record lists the assessor parcel number as 398-514-06. Highlights include a nine-car garage. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Specifications
Home Details
At a glance
- Price
- $3,675,000
- Days On Site
- 229 Days
- Bedrooms
- N/A
- Inside Area (SqFt)
- 12,487 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- N/A
- Lot Size
- N/A
- Year Built
- 1953
- MLS® Number
- PW26035733
- Status
- Active
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- N/A
General Features
- Property Type
- Apartment
- MLS Number
- PW26035733
- Year Built
- 1953
- Lot Size (sq ft)
- 15,001
- Lot Size (acres)
- 0.3444
- Garage Spaces
- 9
- Parking Spaces
- 9
- Parcel Number
- 39851406
- On Market Date
- 2026-02-17
- Listing Terms
- Standard
Interior Features
- Laundry
- Common Area
- Entry Level
- 1
- Common Walls
- No Common Walls
Exterior Features
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 18
Community Features
- Subdivision
- Other
- Community Features
- Biking, Curbs, Dog Park, Gutters, Park, Sidewalks
The record
Property History for 116 S Orange
| Date | Event | Price | Note |
|---|---|---|---|
| Feb 17, 2026 | Listed for sale | $3,850,000 |
Cost of ownership
Estimated monthly payment
7.03% · 30-yr fixed$
$28,013/mo
10% down · 30-year fixed · $367,500 down
Principal & interest$22,072
Mortgage insurance (est., over 80% LTV)$1,378
Property tax (est. county typical)$3,491
Home insurance (rough est., varies widely)$1,072
HOANot reported, not included
$24,182/mo
20% down · 30-year fixed · $735,000 down
Principal & interest$19,619
Property tax (est. county typical)$3,491
Home insurance (rough est., varies widely)$1,072
HOANot reported, not included
$21,730/mo
30% down · 30-year fixed · $1,102,500 down
Principal & interest$17,167
Property tax (est. county typical)$3,491
Home insurance (rough est., varies widely)$1,072
HOANot reported, not included
Estimated carrying cost
$4,563/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. county typical)$3,491
Home insurance (rough est., varies widely)$1,072
HOANot reported, not included
Estimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 7.03% (week of Sep 24, 2026); your rate will differ. A loan this size is typically a jumbo loan, which prices differently. Tax and insurance are modelled, not billed amounts; tax uses a typical Orange County rate. Verify all figures. Full assumptions and disclosures.
Next steps
Buying 116 S Orange
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Location
Location
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Listed by Rick Applebaum of Morgan Skenderian
Listing information updated Sep 23, 2026 at 9:47 AM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.