- CENTURY 21 Real Estate
- California
- Santa Ana
- 935 W Bishop Street
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:232 day(s) ago
- Updated:January 31, 2026 at 03:06 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
Finances and disclosures
- Price:$4,050,000
New listings near 935 W Bishop Street
- Open Sat, 12 to 2pmNew
$435,000Active2 beds 1 baths809 sq. ft.2875 S Fairview, Santa Ana, CA 92704
MLS# OC26022053Listed by: KELLER WILLIAMS REALTY - New
$1,350,000Active3 beds 2 baths1,772 sq. ft.1610 E 20th Street, Santa Ana, CA 92705
MLS# CROC26018579Listed by: LEGACY 15 REAL ESTATE BROKERS - New
$449,900Active3 beds 1 baths767 sq. ft.1822 W 4th, Santa Ana, CA 92703
MLS# PW26021906Listed by: SEVEN GABLES REAL ESTATE - New
$485,000Active2 beds 2 baths914 sq. ft.1101 W Macarthur #244, Santa Ana, CA 92707
MLS# CRPW26021217Listed by: FIRST TEAM REAL ESTATE - New
$689,000Active3 beds 3 baths1,088 sq. ft.200 Carriage #B, Santa Ana, CA 92707
MLS# PW26021668Listed by: L.S. GATEWAY REALTORS - New
$600,000Active2 beds 2 baths1,120 sq. ft.1314 N Spurgeon, Santa Ana, CA 92701
MLS# OC26020215Listed by: PACIFICON REALTY INC - New
$979,900Active5 beds 3 baths1,753 sq. ft.2106 W 9th Street, Santa Ana, CA 92703
MLS# PW26021210Listed by: OLYMPIA REAL ESTATE - New
$485,000Active2 beds 2 baths914 sq. ft.1101 W Macarthur #244, Santa Ana, CA 92707
MLS# PW26021217Listed by: FIRST TEAM REAL ESTATE - New
$810,000Active4 beds 2 baths1831 W 3rd, Santa Ana, CA 92703
MLS# PW26021370Listed by: SUPERIOR REAL ESTATE GROUP - Open Sat, 12 to 3pmNew
$1,775,000Active4 beds 4 baths2,808 sq. ft.12852 Fairhaven, Santa Ana, CA 92705
MLS# TR26020962Listed by: CIRCLE REAL ESTATE