Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW25132443
MLS Source
California Regional MLS
Days on Site
38
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 13 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Rick Applebaum
Morgan Skenderian
License #: 01273871
Phone: –
Co-Listing Agent
Paul Espinosa
License #: 01942627
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
935 W Bishop St is a Residential Income in Santa Ana, CA 92703. This – square foot property sits on a 17,878 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,550,000 and was built in 1971. This address can also be written as 935 W Bishop St, Santa Ana, CA 92703.
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This listing information is up-to-date as of June 12, 2025. For the most current information, please contact Rick Applebaum
