935 W Bishop Street
Santa Ana, CA 92703
Map
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1971 build
- – on site
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.
Last checked:
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Last updated Jun 13, 2025
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MLS# PW25132443 —
The Building
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Year Built:1971
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:9784.00
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Building Area Units:Square Feet
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Total Number Of Units:12
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:12
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# of Separate Water Meters:1
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# of Separate Electric Meters:12
Interior
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Levels:Two
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Entry Location:Street
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Laundry:Community, Gas Dryer Hookup, See Remarks, Washer Hookup
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Laundry:1
Location
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Directions:South of 1st Street and East of Bristol Street
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Latitude:33.74000800
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Longitude:-117.87790300
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:Lot 10000-19999 Sqft
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Lot Size Area:17878.0000
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Lot Size Acres:0.4104
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Lot Size SqFt:17878.00
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:749.01
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Tax Tract:502
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Tax Lot:14
The Listing
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Special Listing Conditions:Standard
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Parcel Number:01012140
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Other (OTHR)
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Subdivision:Other
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Features:Biking, Curbs, Park, Sidewalks
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:26.00
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Garage Spaces:13.00
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Uncovered Spaces:13.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/12/25
Jun 12, 2025
|
Listed / Active | CRMLS_CA | $4,550,000 |
