CA > Santa Ana
Santa Ana, CA 92703,935 W Bishop Street
Santa Ana, CA 92703,935 W Bishop Street
Santa Ana, CA 92703,935 W Bishop Street
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Listed by Rick Applebaum • Morgan Skenderian
$4,550,000
Est. payment /mo
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9,784 SqFt
New

935 W Bishop Street Santa Ana, CA 92703

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Max Manatt

Max Manatt

+1(925) 980-3375

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 9,784 sqft

Price per Sqft $465

MLS Listing ID CRPW25132443

HOA Y/N No

Year Built 1971

Lot Size 0.410 Acres

Property Sub-Type Other

Source Datashare California Regional

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 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.

Location

State CA

County Orange

Interior

Fireplace No

Laundry Common Area, Other, See Remarks

Bay East AOR and Contra Costa AOR
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Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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