1010 West Bishop Street

Santa Ana, CA 92703

$1,550,000
Last Sold Price
5
Beds
6
Baths
3,644 Sq. Ft.
$425 / Sq. Ft.
3,644
Sq. Ft.
$425
per Sq. Ft.

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...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.
  1. Listed by Damien Breaux • DRE #01460301 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 1010 West Bishop Street

Parking Spaces Total
4
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3644
Assessor Parcel Number
010-170-18
Property Attached YN
true

Location

Listing Courtesy of Morgan Skenderian, Damien Breaux, DRE #01460301

Sold By We Help U Buy Realty, Brad Davidson, DRE #01416432

Add your commute
LISTING UPDATED: 01/27/2023 05:54 AM

Property Details for 1010 West Bishop Street

StatusClosed
MLS #PW22168838
Days on Market136
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.24 AC / 10,242 SF
CountyOrange County

Location

Listing Courtesy of Morgan Skenderian, Damien Breaux, DRE #01460301

Sold By We Help U Buy Realty, Brad Davidson, DRE #01416432

Add your commute

Building Information for 1010 West Bishop Street

Stories1Residences-Year Built1959Building Size-Lot Size0.24 AC / 10,242 SF

Payment Calculator

$9,084 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

$625

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1010 West Bishop Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $112,380
  • Gross Scheduled Income: $112,380
  • Vacancy Allowance: 3371
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $109,008
  • Net Operating Income: $74,473
  • Financing: Conventional
Expense Details
  • Operating Expense: $34,536
  • New Taxes Expense: $18,023
  • Gardener Expense: $780
  • Fuel Expense: $1,563
  • Electric Expense: $1,563
  • Insurance Expense: $1,459
  • Maintenance Expense: $6,541
  • Professional Management Expense: $0
  • Other Expense: $500
  • Other Expense Description: misc
  • Trash Expense: $1,563
  • Water Sewer Expense: $1,563
  • Total Expenses: $34,536
Tax / Assessment Info
  • Tax Annual Amount: $18,023
  • Tax Tract Number: 502
  • Tax Census Tract: 749.02
  • CFD/Mello-Roos Fee: $980
  • Taxes Percent: 1.29%
  • Tax Lot: 19
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $6,965
  • Unit Type Total Rent: $6,965
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 1010 West Bishop Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1010 West Bishop Street

Taxable ValueLand$423,516Additions$160,035Total$583,551
Tax Record2023$7,500 ($625 / month)
Home Facts
Total Finished SqFt3,644 SqFtAbove Grade Finished SqFt3,644 SqFtStories1Lot Size10,946 SqFtStyleMulti-Family Res (5+ Units)Year Built1959CountyORANGEAPN010-170-18

Schools near 1010 West Bishop Street

This home is within Santa Ana Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lowell Elementary School
PublicK to 5

Julia C. Lathrop Intermediate School
Public6 to 8

Santa Ana High School
Public9 to 12

Nova Academy Early College High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Skenderian, Damien Breaux, DRE #01460301

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.