935 W Bishop Street, Santa Ana, CA 92703
Local realty services provided by:CENTURY 21 Affiliated
935 W Bishop Street,Santa Ana, CA 92703
$4,050,000
- 2 Beds
- 1 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: rick applebaum, paul espinosa
Office: morgan skenderian
MLS#:PW25132443
Source:San Diego MLS via CRMLS
Price summary
- Price:$4,050,000
About this home
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 todays 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.
Contact an agent
Home facts
- Listing ID #:PW25132443
- Added:186 day(s) ago
- Updated:December 16, 2025 at 03:07 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
Finances and disclosures
- Price:$4,050,000
New listings near 935 W Bishop Street
- New
$345,000Active3 beds 2 baths1,455 sq. ft.2618 N Tustin #F/36, Santa Ana, CA 92705
MLS# PW25276343Listed by: RE/MAX NEW DIMENSION - New
$900,000Active5 beds 2 baths1,584 sq. ft.1728 W Flora Street, Santa Ana, CA 92704
MLS# SB25276302Listed by: D & A REALTY - Open Sat, 12 to 2pmNew
$388,000Active-- beds 1 baths504 sq. ft.1030 W Macarthur #90, Santa Ana, CA 92707
MLS# OC25276171Listed by: ROD SHIVA, BROKER - New
$374,777Active2 beds 2 baths1,157 sq. ft.3740 S Bear #B, Santa Ana, CA 92704
MLS# OC25272176Listed by: REAL BROKER - New
$1,540,000Active6 beds 4 baths1405 S Broadway, Santa Ana, CA 92707
MLS# OC25275467Listed by: REDFIN - Open Sat, 11am to 2pmNew
$590,000Active2 beds 2 baths892 sq. ft.2911 S Fairview Street #C, Santa Ana, CA 92705
MLS# SW25268506Listed by: COLDWELL BANKER REALTY - New
$175,000Active3 beds 2 baths1,400 sq. ft.214 Earl #76, Santa Ana, CA 92704
MLS# PW25274880Listed by: NEW CENTURY REALTORS - New
$679,000Active3 beds 2 baths1,182 sq. ft.2501 W Sunflower Avenue #A6, Santa Ana, CA 92704
MLS# CRPW25271135Listed by: GREENFIELD REALTY - New
$679,000Active3 beds 2 baths1,182 sq. ft.2501 W Sunflower Avenue #A6, Santa Ana, CA 92704
MLS# PW25271135Listed by: GREENFIELD REALTY - New
$175,000Active3 beds 2 baths1,400 sq. ft.214 Earl Lane #76, Santa Ana, CA 92704
MLS# PW25274880Listed by: NEW CENTURY REALTORS