942 W Bishop Street

Santa Ana, CA 92703

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

5

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

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(949) 533-1572

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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.