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USACASanta AnaOther935 W Bishop St
935 W Bishop St, Condo with 0 bedrooms, 0 bathrooms and 26 parking in Santa Ana CA | Image 1
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$4,550,000

935 W Bishop St, Santa Ana, CA

Condo

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
Maintenance Fees 
Taxes 
Days Active 2
Approx. Age 1971
MLS® Number PW25132443

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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 6% 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 25.9% increase in gross income.Show Description
MLS® NumberPW25132443
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area, Washer Hookup, Gas Dryer Hookup, See Remarks
Exposure
Exterior
GarageYes
Approx. Age1971
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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