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1010 N Bewley Street Santa Ana, CA 92703
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Key Details
Sold Price $4,150,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC25069662
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
Fully remodeled 2-bed, 1-bath detached units on nearly 1 acreeach featuring private yards, 12 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 1020% 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
Zoning Assessor
Exterior
View Y/N No
Building
Story 1
Read Less
Bought with Hang-Ny Nguyen Advance Estate Realty