1010 N Bewley Street, Santa Ana, CA 92703

$4,499,000

bedrooms

bathrooms

square feet

8,435

Acreage

0.9339990817263545

Open Houses

year built

1944

Full Baths

Half Baths

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Turn-Key 9-Unit Investment with Development Upside! Fully remodeled detached 2-bed, 1-bath units on nearly 1 acre—each with private yard, 1–2 car garage, and extended driveways—offering ample tenant parking. Upgrades include luxury vinyl plank flooring, quartz countertops, new kitchen cabinets, upgraded bathrooms, split AC systems, and double-pane windows. Tenants pay all utilities; owner only covers gardening. Current rents are 10–20% below market, offering strong upside. Current CAP rate at 5.42% with minimal expenses. Development Potential: City has preliminarily approved 4 more units, plus potential for garage-to-ADU conversions. Zoning allows up to 18 units with density bonus. Rare chance to own a cash-flowing asset with major redevelopment potential!

Location
Subdivision	Other (OTHR)
County	Orange
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: OC25069662

Listing agent: Long Nguyen #01391629

Listing broker: Advance Estate Realty (714) 894-4306

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Last update: Tuesday, April 1 2025 at 5:42 a.m. EDT

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