1113 Bewley St, Santa Ana, CA 92703
5 Unit Apartment Building | $3,888,000 ($777,600/Unit) | Santa Ana, CA 92703
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,888,000
- Property Type
-
Multifamily
- Square Feet
- 1,000 SF
Listing Contacts
Ed Bonilla
Verified Profile
Cheryl Coleman
Verified Profile
- Property Info
Property Overview
Brand new construction brings an exciting investment opportunity! The features and amenities of these five three bedroom, three bath townhome-style homes are very attractive, especially with the modern layouts, spacious rooms, and two-car attached garages plus driveways for 2 additional cars. 1113 Bewley has Units A and B, 2403 approx. sq ft each and 1115 Bewley, units A, B and C 2190 approx. sq. ft. The projected cap rate of 5.1% and low expenses suggest strong potential for returns, while the individual utility setup simplifies management and financial tracking. The location is also promising, with amenities like nearby stores, parks, and even a golf course likely to appeal to potential tenants. Plus, being in an up-and-coming neighborhood with newer developments popping up can add to the property's long-term value. With everything being brand new and low maintenance, it should help attract tenants and keep operational costs in check. And having a projected occupancy date of August 1, 2024, offers a clear timeline for potential investors or buyers. A well-thought-out investment opportunity in a desirable location with strong potential for both short-term and long-term returns. Seller financing available with as little as 30% down at 8% interest. .
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 2
- Lot Size (sq. ft)
- 20,473 SF
- Units
- 5
Highlights
- Five (5) 3 Bedroom/3 Bathroom Units
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