935 W Bishop ST Santa Ana, CA 92703
0.41 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25132443
HOA Y/N No
Year Built 1971
Lot Size 0.410 Acres
Property Sub-Type Apartment
Property Description
Currently operating at a 6% CAP rate on actual rents, this property offers the rare advantage of assumable fixed-rate financing at 4.2%, providing an excellent opportunity for stabilized leverage in today's interest rate environment.
Ownership is in the process of obtaining full approval for the addition of three Accessory Dwelling Units (ADUs). These ADU's, once constructed, add a projected 25.9% increase in gross income.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Interior
Fireplace No
Laundry Common Area, Washer Hookup, Gas Dryer Hookup, See Remarks
Exterior
Garage Spaces 13.0
Garage Description 13.0
Pool None
Community Features Biking, Curbs, Park, Sidewalks
Total Parking Spaces 26
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 01012140
Energy Description 4320.0
Acceptable Financing Cash to Existing Loan
Listing Terms Cash to Existing Loan
Special Listing Condition Standard
