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935 W Bishop St
For Sale $4,050,000
$4,050,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 17,878 Sq Ft
Description
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 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 25.5% increase in gross income.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,050,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 13 spots |
| Year Built | 1971 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 01012140 |
| MLS # | PW25132443 |
| Property ID | 321887549 |
| Lot Sqft | 17,878 |
| Zoning | Unknown |
| Total Units | 12 |
| Days on Market | 242 |
| Original List Price | $4,550,000 |
| Date Updated | January 22, 2026 |
| Date Created | June 12, 2025 |
Listing Provided By
Rick Applebaum an agent of Morgan Skenderian. Lic #01273871
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 22, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Showing Agent
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- 30 mins
- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT