Homes for sale - 935 W Bishop ST, Santa Ana, CA 92703

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$4,550,000

Est. payment - /mo

0.41 Acres Lot

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UPDATED:

Key Details

Property Type Condo

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 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

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

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Listed by Rick Applebaum • Morgan Skenderian • rma@morganskenderian.com

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