942 W Bishop Street

    Santa Ana, CA 92703
    • $2,799,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: TR18264792
    UPDATED: 29 min ago
    $2,799,000
    • 0
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,567
      SQFT
    • $370
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Gated Well Maintained 11 Units 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), One Unit is 2 Bedrooms with 1 Bath ( Approx. 1,317 Sq.ft., Current Monthly Rent is $1,650). Annual Gross Income $175,200; Annual Expense with Property Tax and Insurance is $52,921, NET Operating INCOME is $122,279. 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 onsite laundry room (Equipment on Lease), Long Term Tenants with 100% Occupancy. Next To Elementary School. A Gated Courtyard, 4 Storage Rooms. Located close to Freeways 5 and 55.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T14:31:45.09. 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. Licensed in the State of California, USA.
    www.impactca.com/homes/89159663

    942 W Bishop Street Santa Ana, CA 92703

    • Price: $2,799,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: TR18264792
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    7,567
    SQFT
    $370
    $/SQFT
    1961
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    Gated Well Maintained 11 Units 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), One Unit is 2 Bedrooms with 1 Bath ( Approx. 1,317 Sq.ft., Current Monthly Rent is $1,650). Annual Gross Income $175,200; Annual Expense with Property Tax and Insurance is $52,921, NET Operating INCOME is $122,279. 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 onsite laundry room (Equipment on Lease), Long Term Tenants with 100% Occupancy. Next To Elementary School. A Gated Courtyard, 4 Storage Rooms. Located close to Freeways 5 and 55.
    Exterior Features

    Garage Spaces 0.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 1320.00 Elevation Units Feet Fuel Expense 7044.00 Gardener Expense 1200.00 Gross Income 175740.00 Gross Scheduled Income 175740.00 Insurance Expense 4811.00 Land Lease YN No Laundry YN Yes Net Operating Income 122819.00 New Construction YN No New Taxes Expense 24506.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Operating Expense 52921.00 Professional Management Expense 6000.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other None Total Expenses 52921.00 Trash Expense 2040.00 Water Sewer Expense 6000.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Sheng Wang of Century 21 Care.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T14:31:45.09. 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. Licensed in the State of California, USA.
     
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