1003 W Bishop St - Apartments FOR SALE


Santa Ana, CA 92703- Pico-Lowell
$5,200,000 USD
949-688-4090
1003 W Bishop St, Santa Ana, CA for Sale
$5,200,000 USD
Apartments - FOR SALE
1/12
null | 6.46% Cap Rate

1003 W Bishop St
Santa Ana, CA 92703
Pico-Lowell


HIGHLIGHTS

  • Under 10 GRM
  • Mix of 1 and 2 Bedrooms
  • Well-Maintained Property
  • Ample Parking
  • Stabilized Cash Flow
  • Desirable Rental Location Near Schools

OVERVIEW

Skyline Commercial Real Estate is pleased to present The Bishop Apartments, a well-maintained multifamily investment opportunity in the heart of Santa Ana. The property features a desirable mix of primarily one- and two-bedroom units, generating stable cash flow and strong tenant demand. Recent capital improvements, including seismic retrofitting, combined with a newly constructed ADU, on-site laundry, private patio space, and ample parking, position the property for continued performance and future upside. The Bishop Apartments offers investors a compelling opportunity to acquire a quality asset with stable in-place income and long-term appreciation potential in one of Orange County's strongest rental markets.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$328 USD /SF

# OF UNITS

24

PRICE/UNIT

$216,667

CAP RATE

6.46%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bishop Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

R4

APN/PARCEL ID

010-121-46

ASK ABOUT THIS PROPERTY

Antonio Chavez BorrelliSkyline Commercial Real EstateMore Info
949-688-4090

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Antonio Chavez BorrelliSkyline Commercial Real EstateMore Info
949-688-4090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.