1010 N Bewley Street Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92703
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,435 sqft
Price per Sqft $533
MLS Listing ID CROC25069662
Year Built 1944
Lot Size 0.934 Acres
Property Sub-Type Other
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
Interior
Heating Other
Cooling Other
Flooring Vinyl
Laundry Inside
Building
Water Public