For more information regarding the value of a property, please contact us for a free consultation.
1010 N Bewley ST Santa Ana, CA 92703
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $4,150,000
Property Type Residential Income
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Unknown
MLS Listing ID OC25069662
Year Built 1944
Lot Size 0.934 Acres
Property Sub-Type Apartment
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!
Location
State CA
County Orange
Area 66 - N Of Blsa, S Of Ggrv, E Of Brookhrst, W Of Ha
Interior
Heating Ductless
Cooling Ductless
Flooring Vinyl
Fireplaces Type None
Laundry Inside
Exterior
Parking Features Door-Multi, Door-Single, Driveway, Garage Faces Front, Garage
Garage Spaces 14.0
Garage Description 14.0
Fence None
Pool None
Community Features Street Lights
Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Shingle
Building
Lot Description Yard
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Contract, 1031 Exchange
Listing Terms Contract, 1031 Exchange
Special Listing Condition Standard
Read Less
Bought with Hang-Ny Nguyen Advance Estate Realty