1010 N Bewley Street, Santa Ana, CA 92703
- $4,150,000
- Sold Price
- $4,150,000
- List Price
- $4,499,000
- Closing Date
- Jun 25, 2025
- Status
- CLOSED
- MLS#
- OC25069662
- Year Built
- 1944
- Lot Size
- 40,685
- Acres
- 0.93
- Lot Location
- Yard
- Days on Market
- 67
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level
- Neighborhood
- Unknown
Property Description
Fully remodeled 2-bed, 1-bath detached units on nearly 1 acre—each featuring private yards, 1–2 car garages, and extended driveways for ample parking. Seller invested approx. $300,000 in capital improvements, including luxury vinyl plank flooring, quartz countertops, new cabinets, upgraded bathrooms, split AC systems, and dual-pane windows. Tenants pay all utilities; owner only covers gardening. Rents are currently 10–20% below market, offering excellent upside. CAP rate is 5.86% with minimal operating expenses. Development Potential: City has preliminarily approved 4 additional units, with garage-to-ADU conversion potential. Zoning may allow up to 18 units with density bonus (buyer to verify). A rare opportunity to acquire a high-performing asset with strong cash flow and significant redevelopment potential!
/t.realgeeks.media/resize/140x/https://u.realgeeks.media/landmarkoc/landmarklogo.png)
Additional Information
- Appliances
- Disposal, Gas Range, Range Hood
- Pool Description
- None
- Heat
- Ductless
- Cooling
- Yes
- Cooling Description
- Ductless
- Roof
- Shingle
- Garage Spaces Total
- 14
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Quartz Counters, All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 9
- Gross Scheduled Income
- $320,179
- Operating Expense
- 57063
Listing courtesy of Listing Agent: Long Nguyen (long-realtor@outlook.com) from Listing Office: Advance Estate Realty.
Listing sold by Hang-Ny Nguyen from Advance Estate Realty
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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. 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, 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.