1010 N Bewley ST new Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92703
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Unknown
MLS Listing ID OC25069662
HOA Y/N No
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
Interior Features Quartz Counters,All Bedrooms Down
Heating Ductless
Cooling Ductless
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Disposal,Gas Range,Range Hood
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
Accessibility None
Total Parking Spaces 14
Private Pool No
Building
Lot Description Yard
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 19823108
Acceptable Financing Contract,1031 Exchange
Listing Terms Contract,1031 Exchange
Special Listing Condition Standard