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Listed by Long Nguyen • Advance Estate Realty
$ 4,499,000
Est. payment /mo
Active
1010 North Bewley Street Santa Ana, CA 92703
8,435 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,435 sqft
Price per Sqft $533
MLS Listing ID OC-25069662
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 Bolsa, S Gg, E Brookhurst, W Harbor
Interior
Heating Ductless
Cooling Ductless
Flooring Vinyl
Fireplaces Type None
Laundry Inside
Exterior
Parking Features Garage, Garage - Single Door, Garage - Three Door, Garage - Two Door, Garage Faces Front, Driveway
Garage Spaces 14.0
Pool None
Community Features Street Lights
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected, Phone Available
Building
Lot Description Yard
Sewer Public Sewer