$4,199,900
1416 N Spurgeon StreetSanta Ana, CA 92701
Sold
935 W Bishop Street sold on March 5, 2026 for $3,825,000. The details are below for reference.
935 W Bishop Street, Santa Ana, CA 92703
- 9,784 sq ft
- Built 1971
$3,825,000
The home
About 935 W Bishop Street
Pleased to present this fully renovated, 12-unit multifamily property located in the heart of Santa Ana, The offering presents a compelling investment opportunity with strong in-place cash flow and significant future upside. Built in 1971, the building consists entirely of spacious two-bedroom, one-bathroom units, each thoughtfully upgraded to meet modern tenant expectations. All interiors have been completely renovated, featuring in-unit washers and dryers, ceiling fans, and private patios or balconies. Residents also benefit from the convenience of onsite laundry facilities and the added security of controlled, secured entry. These highdemand amenities support tenant retention and enhance the property's competitive position in the local rental market.
Currently operating at a 7.0% CAP rate on actual rents, this property offers the rare advantage of assumable fixed-rate financing at 4.2%, providing an excellent opportunity for stabilized leverage in today’s interest rate environment.
Ownership is in the process of obtaining full approval for the addition of three Accessory Dwelling Units (ADUs). These ADU's, once constructed, add a projected 25.5% increase in gross income.
Property details for 935 W Bishop Street
This apartment sits in Santa Ana in Orange County. It offers 9,784 square feet of living space. The home was built in 1971. The MLS record lists the assessor parcel number as 010-121-40. Highlights include a 13-car garage. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Specifications
Home Details
At a glance
- Price
- $3,825,000
- Days On Site
- N/A
- Bedrooms
- N/A
- Inside Area (SqFt)
- 9,784 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- N/A
- Lot Size
- N/A
- Year Built
- 1971
- MLS® Number
- PW25132443
- Status
- Sold
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- N/A
General Features
- Property Type
- Apartment
- MLS Number
- PW25132443
- Year Built
- 1971
- Lot Size (sq ft)
- 17,878
- Lot Size (acres)
- 0.4104
- Levels
- Two
- Garage Spaces
- 13
- Parking Spaces
- 26
- Parcel Number
- 01012140
- On Market Date
- 2025-06-12
- Listing Terms
- Standard
Interior Features
- Laundry
- Common Area, Washer Hookup, Gas Dryer Hookup, See Remarks
- Entry Level
- 1
- Common Walls
- No Common Walls
Exterior Features
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 12
Community Features
- Subdivision
- Other
- Community Features
- Biking, Curbs, Park, Sidewalks
The record
Property History for 935 W Bishop Street
| Date | Event | Price | Note |
|---|---|---|---|
| Mar 5, 2026 | Sold | $3,825,000 | |
| Jun 12, 2025 | Listed for sale | $4,550,000 |
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Listed by Rick Applebaum of Morgan Skenderian
Listing information updated Mar 9, 2026 at 9:07 AM PT. Source: CRMLS.
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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.