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1010 W Bishop Street

Santa Ana, CA 92703
  • $1,675,000
  • STATUS: Active Under Contract
  • ON SITE: 17 Days
  • ID#: PW22168838
Under Contract
UPDATED: 62 min ago
$1,675,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Damien Breaux of Morgan Skenderian (949-251-8800)


Description

1010 W. Bishop Street is a property consisting of (1) 3-bedroom detached house, and (4) single-story 2-bedroom apartments, located in the high demand Santa Ana rental market. The Bishop Street Apartments are within walking distance of elementary schools and Santa Ana High School, and are just one mile from the heart of downtown, with its abundant restaurant and retail offerings. Family owned and operated for 30 years, the property has undergone several more recent upgrades, including new windows (2014), a new roof on the house, new concrete patios, and 4 of the units remodeled (the house, and units A, B, and C). There are individual water heaters for each unit, and the (4) 2-bedroom units are all electric; no gas. there is a laundry room on-site, though it is not currently in use. The next owner may opt to reinstall laundry machines for additional income. Also, there may be the possibility to redevelop the house into multiple townhouse-style units. Buyer to satisfy themselves with regards to city zoning, building requirements, etc.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T08:26:59.707. 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 or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
www.itsyourmovesandiego.com/homes/131489937
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1010 W Bishop Street Santa Ana, CA 92703

  • Price: $1,675,000
  • Status: Active Under Contract
  • On Site: 17 Days
  • Updated: 62 min ago
  • ID#: PW22168838
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1959
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
1010 W. Bishop Street is a property consisting of (1) 3-bedroom detached house, and (4) single-story 2-bedroom apartments, located in the high demand Santa Ana rental market. The Bishop Street Apartments are within walking distance of elementary schools and Santa Ana High School, and are just one mile from the heart of downtown, with its abundant restaurant and retail offerings. Family owned and operated for 30 years, the property has undergone several more recent upgrades, including new windows (2014), a new roof on the house, new concrete patios, and 4 of the units remodeled (the house, and units A, B, and C). There are individual water heaters for each unit, and the (4) 2-bedroom units are all electric; no gas. there is a laundry room on-site, though it is not currently in use. The next owner may opt to reinstall laundry machines for additional income. Also, there may be the possibility to redevelop the house into multiple townhouse-style units. Buyer to satisfy themselves with regards to city zoning, building requirements, etc.
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 1 Open Parking Spaces 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsSidewalks Electric Expense 1563.2 Fuel Expense 1563.2 Garage YN No Gross Income 112380 Gross Scheduled Income 112380 Insurance Expense 1459 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To Existing Loan Net Operating Income 73568 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 6 Operating Expense 35440 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 18927 Trash Expense 1563.2 Vacancy Allowance 3371 Vacancy Allowance Rate 3 Water Sewer Expense 1563.2 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T08:26:59.707. 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 or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
 
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Massa & Associates Real Estate Group | eXp California Realty Inc
848 Prospect St
La Jolla CA, 92037
Listing Agent(s): Damien Breaux of Morgan Skenderian (949-251-8800)