CA > Santa Ana
Santa Ana, CA 92703,935 W Bishop ST
Santa Ana, CA 92703,935 W Bishop ST
Santa Ana, CA 92703,935 W Bishop ST
Santa Ana, CA 92703,935 W Bishop ST
Santa Ana, CA 92703,935 W Bishop ST
Santa Ana, CA 92703,935 W Bishop ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
Mon
29
Dec
Tue
30
Dec
Wed
31
Dec
James Olvera

James Olvera

+1(909) 760-9091
$ 4,050,000
Est. payment | /mo

0.41 Acres Lot

Save
$ 4,050,000
Est. payment | /mo
Save

0.41 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25132443

HOA Y/N No

Year Built 1971

Lot Size 0.410 Acres

Property Sub-Type Apartment

Property Description

Pleased to present this fully renovated, 12-unit multifamily property located in the heart of Santa Ana, The offering presents a compelling investment opportunity with strong in-place cash flow and significant future upside. Built in 1971, the building consists entirely of spacious two-bedroom, one-bathroom units, each thoughtfully upgraded to meet modern tenant expectations. All interiors have been completely renovated, featuring in-unit washers and dryers, ceiling fans, and private patios or balconies. Residents also benefit from the convenience of onsite laundry facilities and the added security of controlled, secured entry. These highdemand amenities support tenant retention and enhance the property's competitive position in the local rental market.

Currently operating at a 7.0% CAP rate on actual rents, this property offers the rare advantage of assumable fixed-rate financing at 4.2%, providing an excellent opportunity for stabilized leverage in today's interest rate environment.

Ownership is in the process of obtaining full approval for the addition of three Accessory Dwelling Units (ADUs). These ADU's, once constructed, add a projected 25.5% increase in gross income.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Fireplace No

Laundry Common Area, Washer Hookup, Gas Dryer Hookup, See Remarks

Exterior

Garage Spaces 13.0

Garage Description 13.0

Pool None

Community Features Biking, Curbs, Park, Sidewalks

Total Parking Spaces 26

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 01012140

Energy Description 4320.0

Acceptable Financing Cash to Existing Loan

Listing Terms Cash to Existing Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Rick Applebaum Morgan Skenderian rma@morganskenderian.com

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
$ /year
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
Full Name
Phone

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of James Olvera, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

FEATURED AREAS