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1010 W Bishop Street Santa Ana, CA 92703

Property listed by Morgan Skenderian, Damien Breaux. IDX Contact: 949-251-8800

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  • David Oronoz

    David Oronoz

    Principal | Multifamily Investments

    DRE# 01838862

  • Bobby Aschtiani

    Bobby Aschtiani

    Principal | Multifamily Investments

    DRE# 02048373

  • Chris Pettit

    Chris Pettit


    DRE# 01983950

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.

Property Details & Features

Property Type

  • Residential Income

Year Built

  • 1959


  • 1 total stories
  • Built in 1959
  • Stories: 1
  • 3644 total building sqft
  • 2+ Common Walls
  • One


  • Curbs
  • Sidewalks


  • Electric Expense: $1,563
  • Fuel Expense: $1,563
  • Insurance Expense: $1,459
  • Operating Expense: $35,440
  • Water Sewer Expense: $1,563


  • Forced Air


  • Gross Income: 112380
  • Gross Scheduled Income: 112380
  • Net Operating Income: 73568


  • Common Area


  • Listing ID: PW22168838
  • Listed on 2022-08-01
  • Rent controlled


  • County: Orange


  • 10242 sqft
  • 0.2351 acres
  • Area: 10242
  • 2-5 Units/Acre


  • 4 open parking spaces
  • 4 total parking spaces


  • 2 buildings
  • 5 units
  • Property attached


  • Public Sewer


  • Annual Amount: $18,927


  • 6 separate water meters

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