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942 W Bishop Street $2,799,000

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942 W Bishop Street Santa Ana, CA 92703

  • 0 Beds
  • 0 Baths
  • 7,567 sq.ft.
  • Multi-Family
MLS# TR19000324 | Active

$2,799,000

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Days On Market: 13 0 Views
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Property Details

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.

  • General Features
    • Number Of Separate Water Meters 1
    • Number Of Separate Electric Meters 12
    • Number Of Separate Gas Meters 12
    • Number Of Units Total 11
    • YearBuilt 1961
    • Subdivision Name Other (OTHR)
    • County Or Parish Orange
    • Number Of Buildings 3
    • Community Features Sidewalks
    • Association Fee 0.00
  • Building Features
    • Carport Spaces 11.00
    • Laundry Features Individual Room
  • Property Features
    • Lot Size Acres 0.45
    • Lot Features Lot 10000-19999 Sqft
    • Pool Private Y/N 0
    • Pool Features None
    • Parking Total 11.00

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Property History

Date Event Price Percent Change
-- Current Price Source New Value: $2,799,000
1/2/2019 5:46:00 AM New in Database Source

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Based on information from California Regional Multiple Listing Service, Inc. as of 1/15/2019. 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.