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935 W Bishop St
Santa Ana, CA 92703 Pico-Lowell

$4,050,000 USD

Apartments For Sale  •  9,784 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,784 SF
  • Lot Size 0.41 AC
  • Building Class C
  • Year Built 1971
  • Cap Rate 6.99 %
  • Zoning C3
51 Transit Score
71 Walk Score

Highlights

7.0% Cap Rate on Current Rents with Upside
Finance with as Little as 25% Down Payment
Option for 4.2% Assumable Fixed Rate Financing
Approved for 3 ADU's
Existing Units are all Two Bedrooms
All Interiors Fully Renovated; In-Unit Washer/Dryers

Financial Summary (Actual)

Net Operating Income: $283,085 USD (2024)
Cap Rate: 6.99 %
Total Expenses: $93,795 USD

Amenities

  • Balcony
  • Controlled Access
  • Courtyard
  • Laundry Facilities
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Patio

Public Transportation

Commuter RailDriveWalkDistance
Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 2.1 mi
Orange (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 4.6 mi
AirportDriveWalkDistance
John Wayne/Orange County 11 min - 5.5 mi
Long Beach (Daugherty Field) 29 min - 21.1 mi
Ontario International 49 min - 36.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Rick Applebaum 949-500-5099 Morgan-Skenderian Investment Real Estate Group
Rick Applebaum 949-500-5099 Morgan-Skenderian Investment Real Estate Group