1010 North Bewley Street 1010 North Bewley Street Santa Ana, California 92703 United States

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!

Listing Courtesy of Advance Estate Realty, Email/Phone : 714-933-5686