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1010 Bewley Street, Santa Ana, CA 92703
Priced at Only: $4,499,000
For more Information Call Mobile: 714.478.6676
Address: 1010 Bewley Street, Santa Ana, CA 92703
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1010 Bewley Street
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  • MLS#: OC25069662 ( Apartment )
  • Street Address: 1010 Bewley Street
  • Viewed: 8
  • Price: $4,499,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1944
  • Bldg sqft: 0
  • Days On Market: 55
  • Additional Information
  • County: ORANGE
  • City: Santa Ana
  • Zipcode: 92703
  • Subdivision: Other (othr)
  • Provided by: Advance Estate Realty
  • Contact: Long Long
  • California Regional MLS IDX
  • DMCA Notice
  • 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!
Features
Accessibility Features
  1. None
Appliances
  1. Disposal
  2. Gas Range
  3. Range Hood
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 8435.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Cooling
  1. Ductless
Country
  1. US
Electric
  1. Electricity - On Property
Fencing
  1. None
Fireplace Features
  1. None
Flooring
  1. Vinyl
Foundation Details
  1. Slab
Garage Spaces
  1. 14.00
Gardner Expense
  1. 3600.00
Heating
  1. Ductless
Improvementsamount
  1. 300000
Insurance Expense
  1. 6135.00
Interior Features
  1. Quartz Counters
Laundry Features
  1. Inside
Levels
  1. One
Lockboxtype
  1. None
Lot Features
  1. Yard
Netoperatingincome
  1. 243428.00
Newtaxesexpense
  1. 53880.00
Otherexpense
  1. 1184.00
Otherexpensedescription
  1. other
Otherincomedescription
  1. Pet & Late and Utilities.
Parcel Number
  1. 19823108
Parking Features
  1. Driveway
  2. Garage
  3. Garage Faces Front
  4. Garage - Single Door
  5. Garage - Two Door
Pool Features
  1. None
Postalcodeplus4
  1. 1757
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Road Frontage Type
  1. Access Road
Road Surface Type
  1. Paved
Roof
  1. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 435320616:CRM
Subdivision Name Other
  1. unknown
Tenant Pays
  1. All Utilities
Totalactualrent
  1. 307430.00
Totalexpenses
  1. 76006.00
Trash Expense
  1. 0.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Phone Available
  4. Sewer Connected
  5. Water Connected
Vacancyallowance
  1. 9223
Water Sewer Expense
  1. 8665.00
Water Source
  1. Public
Window Features
  1. Double Pane Windows
Year Built
  1. 1944
Year Built Source
  1. Assessor
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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