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Listed by Long Nguyen • Advance Estate Realty
$4,499,000
Est. payment /mo
0.93 Acres Lot
Active
1010 N Bewley ST Santa Ana, CA 92703
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25069662
Originating Board California Regional MLS
Year Built 1944
Lot Size 0.934 Acres
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
Rooms
Kitchen Garbage Disposal, Hood Over Range, Oven Range - Gas
Interior
Laundry Other
Exterior
Parking Features Attached Garage, Garage, Other
Garage Spaces 14.0
Pool None
Roof Type Shingle
Building
Story One Story
Foundation Concrete Slab
Water District - Public
Others
Tax ID 19823108
Special Listing Condition Not Applicable
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