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34525586
34525592

1003 West Bishop Street, Santa Ana, CA 92703 For Sale

CP
CA CA 01983950
Skyline Commercial Real Estate
Skyline Commercial Real Estate
Listed by Skyline Commercial Real Estate
$5,200,000
1 day on market
Updated 1 day ago

The Bishop Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,873
Units 24
Cap Rate 6.46%
NOI $335,684
Occupancy 100%
Pro-Forma Cap Rate 8.17%
Pro-Forma NOI $425,040
Price per SqFt $328
Year Built 1965
Buildings 2
Lot Size (SqFt) 24,394
Parking Spaces 1 per unit
Sale Condition 1031 exchange

Under 10 GRM | Stabilized Cash Flow

Marketing description

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.

Investment highlights

Under 10 GRM

Mix of 1 and 2 Bedrooms

Well-maintained property

Ample Parking

Stabilized Cash Flow

Desirable Rental Location Near Schools

Listing Contacts

CP
CA CA 01983950
Skyline Commercial Real Estate
Skyline Commercial Real Estate
Listed by Skyline Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$335,684.00
$27,973.67/mo

Valuation Metrics

0
DSCR
6.46%
Cap Rate
6.46%
ROI

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Additional Information

Name
Chris Pettit
License
CA 01983950
Brokerage
Skyline Commercial Real Estate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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