Santa Ana, CA 92703,935 W Bishop ST
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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
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Sam And Eliza Othman

Sam And Eliza Othman

+1(951) 333-5100
$ 4,050,000
Est. payment /mo
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Active

935 W Bishop ST Santa Ana, CA 92703

0.41 Acres Lot

UPDATED:

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
Nearby Locations
SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Jim Thorpe Fundamental

    Public | KG - 5

  • 7

    El Sol Santa Ana Science and Arts Academy

    Public | KG - 8

  • 7

    John Muir Fundamental Elementary School

    Public | KG - 5

  • 6

    Riverdale Elementary School

    Public | KG - 6

  • 6

    Gonzalo Felicitas Mendez Fundamental Intermediate School

    Public | 5 - 8

  • 6

    Franklin Elementary School

    Public | KG - 5

  • 6

    Walker Elementary School

    Public | KG - 5

  • 5

    Dwight D. Eisenhower Elementary School

    Public | KG - 6

  • 5

    Lampson Elementary School K - 5

    Public | KG - 5

  • 5

    Greenville Fundamental Elementary School

    Public | KG - 5

  • 5

    Carl Harvey Elementary School

    Public | KG - 5

  • 5

    Santiago K - 8 School

    Public | KG - 8

  • 5

    Martin Elementary School

    Public | KG - 5

  • 5

    Pio Pico Elementary School

    Public | KG - 5

  • 5

    Orange County Educational Arts Academy

    Public | KG - 8

  • 5

    Hoover Elementary School

    Public | KG - 5

  • 5

    Madison Elementary School

    Public | KG - 5

  • 5

    Palmyra Elementary School

    Public | KG - 6

  • 4

    C. C. Violette Elementary School

    Public | KG - 6

  • 4

    Clinton-Mendenhall Elementary School

    Public | KG - 6

Middle Schools 10
  • 10

    Ocsa

    Public | 7 - 12

  • 6

    Leroy L. Doig Intermediate School

    Public | 7 - 8

  • 5

    Douglas Macarthur Fundamental Intermediate School

    Public | 6 - 8

  • 4

    McFadden Intermediate School

    Public | 6 - 8

  • 4

    Raymond A. Villa Fundamental Intermediate School

    Public | 6 - 8

  • 1

    Carr Intermediate School

    Public | 6 - 8

  • 1

    Willard Intermediate School

    Public | 6 - 8

  • 1

    Lathrop Intermediate School

    Public | 6 - 8

  • 1

    Sierra Preparatory Academy

    Public | 6 - 8

  • 0

    Community Day Intermediate and High School

    Public | 7 - 12

High Schools 14
  • 9

    Nova Academy

    Public | 9 - 12

  • 8

    The Academy

    Public | 9 - 12

  • 8

    Middle College High School

    Public | 9 - 12

  • 7

    Hector G. Godinez

    Public | 9 - 12

  • 6

    Santiago High School

    Public | 9 - 12

  • 6

    Segerstrom High School

    Public | 9 - 12

  • 4

    Saddleback High School

    Public | 9 - 12

  • 3

    Valley High School

    Public | 9 - 12

  • 3

    Century High School

    Public | 9 - 12

  • 2

    Santa Ana High School

    Public | 9 - 12

  • 0

    Lorin Griset Academy

    Public | 9 - 12

  • 0

    Mater Dei High School

    Private | 9 - 12

  • 0

    Central Orange County Cte Partnership (Ctep)

    Public | 10 - 12

  • 0

    Cesar E. Chavez High School

    Public | 9 - 12

School and business data provided by Attom Data.
Sam And Eliza Othman

Sam And Eliza Othman

Broker Associate | License ID: 00928035 - 00961200

+1(951) 333-5100

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935 W Bishop ST