942 W Bishop Street, Santa Ana, CA 92703

$2,750,000
7,567
SqFt
List Price
$2,750,000
Status
ACTIVE
MLS#
TR19055993
Year Built
1961
Living Sq. Ft
7,567
Lot Size
19,602
Acres
0.45
Lot Location
Lot 10000-19999 Sqft
Days on Market
11
Property Type
Multifamily
Property Sub Type
Apartment
Neighborhood
Other (Othr)
Days on Market
2

Property Description

Well Maintained GATED 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, $ 1,350, $1,395 ), One Unit is 2 Bedrooms with 1 Bath ( Approx. 1,317 Sq.ft., Current Monthly Rent is $1,650). Annual Gross Income $ 177,060; Annual Expense with Property Tax and Insurance is Approx. $ 55,820, NET Operating INCOME is $121,240. 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 on-site Laundry Room (Equipment on Lease), Long Term Tenants with 100% Occupancy. Next To Elementary School. A Gated Courtyard, Storage Room. Located close to Freeways 5 and 55.

Additional Information

Tract Number
502
Lot Description
Sidewalks
Pool Description
None
Sewer
Septic Type Unknown
Water
Public
Attached Structure
Detached
Total Number of Units
11

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Sheng Wang from Century 21 Care

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.