1010 North Bewley Street

1010 North Bewley Street

Santa Ana, CA 92703

$4,599,000
Price
16
Beds
9
Baths
8,435 Sq. Ft.
$545 / Sq. Ft.
8,435
Sq. Ft.
$545
per Sq. Ft.
an aerial view of a city
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an aerial view of multiple house
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an aerial view of multiple houses with yard
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an aerial view of a city
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an aerial view of a city
a bathroom with a toilet and a shower
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an empty room with wooden floor and windows
a view of a kitchen with a sink and a refrigerator
a kitchen with a sink and a refrigerator
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an empty room with wooden floor and windows
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Description

Welcome to an exceptional investment opportunity in a high-demand area! This property offers a rare combination of fully remodeled detached units and substantial redevelopment potential, making it an ideal choice for investors seeking immediate rental income and future growth prospects. Fully Remodeled Units: Each of the 9 detached units has been completely remodeled to the highest standards, featuring luxurious upgrades such as new luxury vinyl floors, AC split systems, brand-new kitchen cabinets...Welcome to an exceptional investment opportunity in a high-demand area! This property offers a rare combination of fully remodeled detached units and substantial redevelopment potential, making it an ideal choice for investors seeking immediate rental income and future growth prospects. Fully Remodeled Units: Each of the 9 detached units has been completely remodeled to the highest standards, featuring luxurious upgrades such as new luxury vinyl floors, AC split systems, brand-new kitchen cabinets with quartz countertops, and upgraded bathrooms. Additionally, all units boast new double-pane windows, ensuring energy efficiency and tenant comfort. Each unit offers a comfortable 2-bed, 1-bath layout, perfect for attracting tenants seeking modern and functional living spaces. Tenants enjoy the convenience of private yards with a fenced perimeter, providing privacy and outdoor space. Furthermore, the property offers 1 or 2 car garages for each unit, along with long driveways capable of accommodating up to 4 additional vehicles. Tenants are responsible for their own utilities and yard maintenance, minimizing landlord expenses and ensuring hassle-free management. With recent renovations and tenant responsibilities, maintenance costs are kept to a minimum, maximizing profitability for the owner. Situated in an area with high rental demand, vacancy rates are virtually zero, guaranteeing consistent rental income and financial stability. The property sits on nearly 1 acre of land, presenting significant potential for redevelopment. City ordinances permit the construction of up to 18 townhouse/condo-style units (including density bonus), offering lucrative expansion opportunities for the future. Despite the potential for redevelopment, the property generates almost market rent with a CAP ratio close to 5%, providing a solid return on investment while pursuing permits for redevelopment. Don't miss out on this exceptional investment opportunity that combines immediate rental income with the potential for future growth. Whether you're looking to expand your investment portfolio or capitalize on redevelopment possibilities, this property offers endless possibilities. Schedule a showing today to explore the potential of this lucrative investment!
  1. Listed by Long Nguyen • DRE #01391629 • Brokerage DRE #01480932 • Advance Estate Realty • 714-933-5686
  2. Listed by Hang-Ny Nguyen • DRE #02104933 • Brokerage DRE #01480932 • Advance Estate Realty

Property Details for 1010 North Bewley Street

Parking Spaces Total
14
Private Pool
No
Cooling Type
Ductless
Total Units
9.0
Building Type
Detached
Lot Size Source
Estimated
Living Area
8435
Assessor Parcel Number
198-231-08

Location

Listing Courtesy of Advance Estate Realty, Long Nguyen, DRE #01391629; Advance Estate Realty, Hang-Ny Nguyen, DRE #02104933
Add your commute
LISTING UPDATED: 03/21/2024 10:48 PM

Property Details for 1010 North Bewley Street

StatusActive
MLS #OC24056555
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1944
CountyOrange County

Location

Listing Courtesy of Advance Estate Realty, Long Nguyen, DRE #01391629; Advance Estate Realty, Hang-Ny Nguyen, DRE #02104933
Add your commute

Building Information for 1010 North Bewley Street

Building/Complex1010 N Bewley StFloor-Stories1Residences-Pet Policy-Year Built1944Building Size-

Payment Calculator

$25,526 per month

30 year fixed, 7.25% Interest

Principal and Interest

$25,099

Property Taxes

$427

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1010 North Bewley Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $289,200
  • Gross Scheduled Income: $289,200
  • Vacancy Allowance: 8676
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $280,524
  • Net Operating Income: $218,916
Expense Details
  • Operating Expense: $61,608
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $5,364
  • Maintenance Expense: $8,676
  • Maintenance Percent: 3.00%
  • Professional Management Expense: $11,568
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $61,608
Tax / Assessment Info
  • Tax Tract Number: 1022
  • Tax Census Tract: 891.05
  • CFD/Mello-Roos Fee: $2,105
  • Tax Lot: 14
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Disposal
  • Equipment: Gas Or Electric Dryer Hookup, In Kitchen
  • Interior Features: Quartz Counters
  • Room Type: All Bedrooms Down, Kitchen, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, In Kitchen
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Ductless
  • Heating Type: Ductless
  • Heating: Ductless
  • Flooring: Vinyl
Exterior Features
  • Window Features: Double Pane Windows
  • Roof: Shingle
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Garden, Near Public Transit
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 14
  • Parking: Yes
  • Parking Garage: Door Opener, Driveway, Garage, Garage - 1 Car
  • Parking Garage Spaces: 14
  • Carport Spaces: 0
  • Parking Features: Driveway, Asphalt, Garage, Garage - Single Door, Garage Door Opener
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,400
  • Unit Type Total Rent: $5,400
  • Unit Type Pro Forma: 5400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $2,600
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $2,600
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $2,750
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $2,750
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 8
Unit Information
  • Number Of Units Leased: 9
  • Rent Controlled: Yes
  • Number Of Buildings: 9
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 4

Property History for 1010 North Bewley Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1010 North Bewley Street

Taxable ValueLand$86,731Additions$183,979Total$270,710
Tax Record2023$5,126 ($427 / month)
Home Facts
Total Finished SqFt8,305 SqFtAbove Grade Finished SqFt8,305 SqFtLot Size41,703 SqFtStyleMulti-Family Dwelling (2-4)Year Built1946CountyORANGEAPN198-231-08

Schools near 1010 North Bewley Street

This home is within Garden Grove Unified School District.
Rating
School
Type
Grades
Distance
Leo Carrillo Elementary School
Public - K to 6
Leroy L. Doig Intermediate School
Public - 7 to 8
Santiago High School
Public - 9 to 12
James Monroe Elementary School
Public - K to 6
Rating
School
Distance
Leo Carrillo Elementary School
PublicK to 6

Leroy L. Doig Intermediate School
Public7 to 8

Santiago High School
Public9 to 12

James Monroe Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1010 North Bewley Street, Santa Ana, CA 92703

1010 North Bewley Street is a multi-family home for sale in Santa Ana, CA 92703. This property was listed for sale on March 22, 2024 by Advance Estate Realty, it's currently listed at $4,599,000. It has been on the market for a total of 37 days and was last sold on July 25, 2023. This listing's school district is Garden Grove Unified School District. Nearby schools include Leo Carrillo Elementary School, Leroy L. Doig Intermediate School and Santiago High School. 1010 North Bewley Street is a 16-bed, 9-bath, 8,435 sqft multi-family home built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Advance Estate Realty, Long Nguyen, DRE #01391629; Advance Estate Realty, Hang-Ny Nguyen, DRE #02104933

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.