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942 W Bishop Street, Santa Ana, CA

$2,799,000 - 3 Beds - 2 Baths - 7,567 Sqft - .45 Acres

Gated Well Maintained 11 Unit Apartments. No Rent Control And High Demand Rental Market in the City of Santa Ana Apartment Buildings. Inside 7,567 Sq. Ft. with Lot Size 19,602 Sq.ft. 10 Units of One Bedroom with One Bath in One Level (Each Unit is Approx. 620 Sq.ft.) (Current Monthly Rent is $ 1,295), One Unit is 2 Bedrooms with 1 Bath ( Approx. 1,317 Sq.ft., Current Monthly Rent is $1,650). Annual Gross Income $175,200; Annual Expense with Property Tax and Insurance is $52,921, NET Operating INCOME is $122,279. Located adjacent to Lowell Elementary School, and within walking distance to the Santa Ana Downtown District and Santa Ana High School. The property has 10 single-story, spacious 1-bed/1-bath units, plus one 2-bed/1-bath unit. There are 12 Carport parking spaces. Majority of units are upgraded including kitchen cabinets, tile flooring, paint, bathrooms, interior doors, appliances. The property exterior has been repainted. The baths are equipped with newer vanities, tile surround showers, upgraded plumbing, high-efficiency toilets. The 2-bedroom unit upgrades also include newer wall AC, newer forced air heating. The property also features an onsite laundry room (Equipment on Lease), Long Term Tenants with 100% Occupancy. Next To Elementary School. A Gated Courtyard, 4 Storage Rooms. Located close to Freeways 5 and 55.

Essential Information

For 942 W Bishop Street, Santa Ana, CA
  • MLS® # TR19000324
  • Price $2,799,000
  • Bedrooms 3
  • Bathrooms 2.00
  • Square Footage 7,567
  • Acres 0.45
  • Year Built 1961
  • Type Residential Income
  • Status Active

Community Information

For 942 W Bishop Street, Santa Ana, CA
  • Address 942 W Bishop Street
  • Area Santa Ana South of First (69)
  • Subdivision Other (OTHR)
  • City Santa Ana
  • County Orange
  • State CA
  • Zip Code 92703

Amenities

For 942 W Bishop Street, Santa Ana, CA
  • Parking Spaces 11

Exterior

For 942 W Bishop Street, Santa Ana, CA
  • Lot Description Lot 10000-19999 Sqft

Additional Information

For 942 W Bishop Street, Santa Ana, CA
  • Date Listed January 2nd, 2019
  • Days on Market 18

Listing Details

For 942 W Bishop Street, Santa Ana, CA
  • Agent Sheng Wang(01772547)
  • Office Century 21 Care

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Based on information from California Regional Multiple Listing Service, Inc. as of January 21st, 2019 at 6:55am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.