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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$ 5,400,000
Est. payment /mo
New
1003 W Bishop ST Santa Ana, CA 92703
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25228147
Year Built 1965
Source California Regional MLS
Property Description
1003 West Bishop Street is a 23+1 unit multifamily investment opportunity located in the city of Santa Ana, California. The property encompasses an approximately 15,873 square foot building situated on a 0.56-acre lot. 1003 West Bishop Street is comprised of a desirable unit mix of four two-bedroom units and twenty one-bedroom unit, one of which is non conforming. Many units have been tastefully upgraded with modern finishes including vinyl plank flooring, shaker-style cabinetry, and granite countertops, providing investors with a stable asset that already benefits from interior improvements and continued rental appeal. Originally constructed in 1965, 1003 West Bishop Street features amenities designed to attract and retain tenants, including tuck-under parking, an on-site laundry facility, and a spacious outdoor common area equipped for BBQs and gatherings. These features enhance resident satisfaction and contribute to long-term tenancy. Strategically positioned in Santa Ana, the property benefits from strong rental demand, driven by the city's role as the county seat of Orange County and its proximity to key employment, education, and cultural hubs. Residents enjoy convenient access to major freeways (I-5, SR-55, and SR-22), local retail centers, and entertainment destinations,
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Interior
Laundry Community Facility
Exterior
Garage Spaces 24.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 01012146
Special Listing Condition Not Applicable
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