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!
Property Details
Price:
$4,499,000
MLS #:
OC25069662
Status:
Active
Baths:
0
Address:
1010 N Bewley Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
66nofblsasofggrveofbrookhrstwofha
City:
Santa Ana
Listed Date:
Mar 31, 2025
State:
CA
ZIP:
92703
Lot Size:
40,685 sqft / 0.93 acres (approx)
Year Built:
1944
See this Listing
Mortgage Calculator
Schools
Interior
Accessibility Features
None
Appliances
Disposal, Gas Range, Range Hood
Cooling
Ductless
Fireplace Features
None
Flooring
Vinyl
Heating
Ductless
Interior Features
Quartz Counters
Window Features
Double Pane Windows
Exterior
Community Features
Street Lights
Electric
Electricity – On Property
Fencing
None
Foundation Details
Slab
Garage Spaces
14.00
Lot Features
Yard
Parking Features
Driveway, Garage, Garage Faces Front, Garage – Single Door, Garage – Two Door
Parking Spots
14.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities
Utilities
Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Map
Community
- Address1010 N Bewley Street Santa Ana CA
- Area66 – N of Blsa, S of GGrv, E of Brookhrst, W of Ha
- CitySanta Ana
- CountyOrange
- Zip Code92703
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1010 N Bewley Street
Santa Ana, CA
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