W Bishop ST Lot 18
Santa Ana, CA, 92703
$5,400,000
Beds
0 Baths
0 SqFt
0.56 Acres
Add
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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, as well as being within commuting distance to regional job centers in Irvine, Costa Mesa, and Anaheim. For investors, 1003 West Bishop Street presents the opportunity to acquire a well-located, mid-sized multifamily property with an attractive unit mix, recent renovations, and reliable tenant demand in a supply-constrained Orange County market.

Property Details

Price:
$5,400,000
MLS #:
OC25228147
Status:
A
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
69
Listed Date:
Sep 29, 2025
Total Sq Ft:
15,873
Lot Size:
24,394 sqft / 0.56 acres (approx)
Year Built:
1965
69

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Schools

Interior

Laundry Features
CM

Exterior

Community Features
SDW, CRB, CW
Parking Spots
24

Financial

Gross Operating Income
$498,532
Maintenance Fee
$16,800
Net Operating Income
$327,906

Map

Community

Market Summary

Current real estate data for Single Family in Santa Ana as of Oct 31, 2025
185
Single Family Listed
46
Avg DOM
444
Avg $ / SqFt
$910,173
Avg List Price

Property Summary

    Located in the Other (OTHR) subdivision, W Bishop ST Lot 18 Santa Ana CA is a Single Family for sale in Santa Ana, CA, 92703. It is listed for $5,400,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1965. The average price per square foot for Single Family listings in Santa Ana is $444. The average listing price for Single Family in Santa Ana is $910,173.

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W Bishop ST Lot 18
Santa Ana, CA