1003 Bishop Street, Santa Ana, CA 92703
  • MLS#: OC25228147 ( Apartment )
  • Street Address: 1003 Bishop Street
  • Viewed: 6
  • Price: $5,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1965
  • Bldg sqft: 0
  • Days On Market: 21
  • Additional Information
  • County: ORANGE
  • City: Santa Ana
  • Zipcode: 92703
  • Subdivision: Other (othr)
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    1003 West Bishop Street is a 23+1 unit multifamily investment opportunity located in the city of Santa Ana, California. The property encompasses an approximately 15,873 square foot building situated on a 0.56 acre lot. 1003 West Bishop Street is comprised of a desirable unit mix of four two bedroom units and twenty one bedroom unit, one of which is non conforming. Many units have been tastefully upgraded with modern finishes including vinyl plank flooring, shaker style cabinetry, and granite countertops, providing investors with a stable asset that already benefits from interior improvements and continued rental appeal. Originally constructed in 1965, 1003 West Bishop Street features amenities designed to attract and retain tenants, including tuck under parking, an on site laundry facility, and a spacious outdoor common area equipped for BBQs and gatherings. These features enhance resident satisfaction and contribute to long term tenancy. Strategically positioned in Santa Ana, the property benefits from strong rental demand, driven by the citys role as the county seat of Orange County and its proximity to key employment, education, and cultural hubs. Residents enjoy convenient access to major freeways (I 5, SR 55, and SR 22), local retail centers, and entertainment destinations, as well as being within commuting distance to regional job centers in Irvine, Costa Mesa, and Anaheim. For investors, 1003 West Bishop Street presents the opportunity to acquire a well located, mid sized multifamily property with an attractive unit mix, recent renovations, and reliable tenant demand in a supply constrained Orange County market.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 15873.00
Carport Spaces
  1. 24.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 7843.00
Entry Location
  1. First level
Fuel Expense
  1. 7845.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 18000.00
Laundry Features
  1. Community
Levels
  1. Two
Lot Features
  1. Level with Street
Netoperatingincome
  1. 327906.00
Newtaxesexpense
  1. 60094.00
Number Of Separate Electric Meters
  1. 23
Number Of Separate Gas Meters
  1. 23
Otherincome1
  1. 10277.00
Parcel Number
  1. 01012146
Pool Features
  1. None
Professionalmanagementexpense
  1. 20352.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 448167862:CRM
Subdivision Name Other
  1. Other
Totalexpenses
  1. 180902.00
Trash Expense
  1. 7843.00
Vacancyallowance
  1. 15419
Water Sewer Expense
  1. 7843.00
Water Source
  1. Public
Year Built
  1. 1965
Year Built Source
  1. Assessor