116 S Orange Ave

Discover the vibrant city of Santa Ana, CA, where the property is located. This bustling area offers a diverse cultural scene, with an array of dining, entertainment, and shopping options. Nearby attractions include the Santa Ana Zoo, Bowers Museum, and the historic Downtown Santa Ana, known for its art galleries and trendy eateries. The location provides easy access to major transportation hubs and is in close proximity to prestigious educational institutions, making it an ideal spot for multifamily or high-rise investment. Embrace the endless possibilities in this dynamic and sought-after location.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 $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.