935 W Bishop St Santa Ana, CA 92703
Heninger Park NeighborhoodEstimated payment $29,752/month
Total Views
4,577
2
Beds
1
Bath
9,784
Sq Ft
$465
Price per Sq Ft
Highlights
- 0.41 Acre Lot
- Park
- Bike Trail
- No HOA
- Laundry Room
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 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.
Listing Agent
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 06/12/2025
Co-Listing Agent
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01942627
Property Details
Home Type
- Apartment
Year Built
- Built in 1971
Lot Details
- 0.41 Acre Lot
- No Common Walls
Parking
- 13 Open Parking Spaces
- 13 Car Garage
Interior Spaces
- 9,784 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Listing and Financial Details
- Tax Lot 14
- Tax Tract Number 502
- Assessor Parcel Number 01012140
- $3,186 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 12 Units
Amenities
- Laundry Facilities
Recreation
- Park
- Bike Trail
Building Details
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $4,320
- Fuel Expense $4,320
- Gardener Expense $2,400
- Insurance Expense $6,627
- Maintenance Expense $15,046
- Other Expense $3,761
- Trash Expense $4,320
- Water Sewer Expense $4,320
- New Taxes Expense $53,820
- Operating Expense $99,935
- Gross Income $387,785
- Net Operating Income $276,216
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2025 06/12/25 | For Sale | $4,550,000 | -- | $465 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Santa Ana, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25132443
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 913 W Bishop St
- 1017 W Bishop St Unit 202
- 510 S Flower St
- 408 S Flower St
- 317 S Flower St
- 1127 W Myrtle St
- 315 S Garnsey St
- 515 S Van Ness Ave Unit 513
- 1235 W Camile St
- 509 S Ross St
- 435 S Ross St
- 1042 W Mcfadden Ave
- 1140 W Cubbon St
- 802 S Birch St
- 418 W Pine St
- 1226 W Walnut St
- 530 S Broadway
- 415 W Pine St
- 801 S Birch St
- 700 W 3rd St Unit A203
- 932 W Highland St Unit Studio
- 612 S Van Ness Ave Unit 614
- 700 W 3rd St Unit A105
- 1026 W 3rd St
- 600 W 3rd St Unit A317
- 600 W 3rd St Unit C207
- 209 S Birch St Unit B
- 302 S Broadway Unit B
- 610 S Main St
- 301 W 2nd St
- 1111 W Santa Ana Blvd
- 1012 Cypress Ave Unit 1012
- 321 S Orange Ave Unit B
- 401 N Main St
- 1738 Raymar St
- 904 N Olive St
- 401 N Bush St
- 300 E Santa Ana Blvd
- 1307 W 9th St
- 888 N Main St