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    1003 W Bishop Street

    Santa Ana, CA 92703
    • $5,700,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: OC21055001
    UPDATED: 9 min ago
    $5,700,000
    • 0
      BEDS
    • 0.56
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,873
      SQFT
    • $359
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    1003 West Bishop Street is a 23-unit multifamily investment property located in Santa Ana. 1003 West Bishop Street has an attractive unit mix consisting of 19, one-bedroom floor plans and 4, two-bedroom floor plans. The property offers tuck-under and open parking, security doors, and on-site laundry. Some of the units have been renovated with new tankless water heaters, blinds, paint, hardwood flooring, cabinets, granite countertops, and more. Situated less than a mile from Downtown Santa Ana and the bustling 4th Street Market, which grants residents easy access to the City's civic center as well as a trendy, local culinary hub. Additionally the property is blocks away from Santa Ana High School, Lowell Elementary School, and Pio Pico Elementary School, all of which have a combined annual enrollment of over 4,300 students. 1003 West Bishop Street is in close proximity to South Bristol Street and 1st Street, main retail thoroughfares for the region, providing residents with easy access to their everyday needs.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-07T15:38:58.083. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
    www.propertycove.com/homes/115157261
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    1003 W Bishop Street Santa Ana, CA 92703

    • Price: $5,700,000
    • Status: Active
    • Updated: 9 min ago
    • ID#: OC21055001
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.56
    Acres
    15,873
    SQFT
    $359
    $/SQFT
    1965
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    1003 West Bishop Street is a 23-unit multifamily investment property located in Santa Ana. 1003 West Bishop Street has an attractive unit mix consisting of 19, one-bedroom floor plans and 4, two-bedroom floor plans. The property offers tuck-under and open parking, security doors, and on-site laundry. Some of the units have been renovated with new tankless water heaters, blinds, paint, hardwood flooring, cabinets, granite countertops, and more. Situated less than a mile from Downtown Santa Ana and the bustling 4th Street Market, which grants residents easy access to the City's civic center as well as a trendy, local culinary hub. Additionally the property is blocks away from Santa Ana High School, Lowell Elementary School, and Pio Pico Elementary School, all of which have a combined annual enrollment of over 4,300 students. 1003 West Bishop Street is in close proximity to South Bristol Street and 1st Street, main retail thoroughfares for the region, providing residents with easy access to their everyday needs.
    Exterior Features

    Lot Features LawnLevel Number Of Separate Electric Meters 23 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Common Interest Community Apartment Community Features CurbsSidewalks Electric Expense 7176 Fuel Expense 7176 Garage YN No Gross Income 433020 Gross Scheduled Income 418620 Insurance Expense 5684 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan1031 Exchange Maintenance Expense 13800 Net Operating Income 264844 New Construction YN No New Taxes Expense 64408 Number Of Separate Gas Meters 23 Number Of Separate Water Meters 1 Number Of Units Leased 23 Operating Expense 155617 Other Expense 26205 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 34885 Trash Expense 7176 Vacancy Allowance 12559 Water Sewer Expense 7176 Water Source Public

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-07T15:38:58.083. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
     
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    The Bhagat Group
    22939 Hawthorne Blvd, Suite 203
    Torrance CA, 90505