1010 N Bewley Street, Property Listing: MLS® #OC25069662

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!

1010 N Bewley Street, Property Listing: MLS® #OC25069662 Close
Page Summary
  • 619-987-4851
NEW
  • MLS® #: OC25069662
  • 1010 N Bewley Street
  • , CA 92703
  • $4,499,000
  • 0.93 Acres
  • Office: Advance Estate Realty

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!

Supplemental Remarks

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Essential Information

  • MLS® #OC25069662
  • Listing Price$4,499,000
  • Original Listing Price$4,499,000
  • Date ListedMarch 31st, 2025
  • Days on Market1
  • Bathrooms0.00
  • Acres0.93
  • Lot Sq.Ft.40,685
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0

Community Information

  • Address1010 N Bewley Street
  • AreaOC - SANTA ANA (92703)
  • CountyOrange
  • StateCA
  • Zip Code92703

Amenities

  • PoolN/K

Interior

  • # of Stories1
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Listing information last updated on May 1st, 2025 at 1:09pm PDT.