8,435 sqft

$4,150,000

1010 N Bewley Street, Santa Ana CA, 92703

Price per sqft$492.00

Built in1944

Property size8,435 sqft

Property typeCondominium

Bought with Hang-Ny Nguyen with Advance Estate Realty and Listed by Long Nguyen CA DRE# 01391629 with Advance Estate Realty 714-933-5686

Overview

Sold

Closed

Listed Mar 31, 2025

Updated Jun 19

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!

Additional information

MLS^® ID: OC25069662

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.93 Acres

Other Property Details

Maintenance Expense: $1,883
Garage: Yes
55+/Senior Community: No

Bought with Hang-Ny Nguyen with Advance Estate Realty and Listed by Long Nguyen CA DRE# 01391629 with Advance Estate Realty 714-933-5686

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 6/19/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 6/19/2026 at 1:30 PM UTC Last Checked: 1:30 PM UTC