Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 926 North Bewley Street, an 8-unit multifamily investment property located in Santa Ana, one of the premier housing markets nationwide.
Named the county seat in 1889, Santa Ana is also known as the financial and governmental center of Orange County. It’s been in recent competition with its fast growing neighbor, the city of Irvine in regards to commercial growth. As the city’s commercial wealth grows, average household income growth is also projected to rise by 15.42 percent to $89,467 by 2023. Additionally, 926 North Bewley Street’s below market rents allow for substantial upside for a potential buyer.
Built between 1954 and 1956, 926 North Bewley Street consists of eight, two-bedroom units across eight single-story cottages. 926 North Bewley Street offers amenities including security doors as well as ample garage and open parking. The property’s unique construction, attractive floor plans, and ample parking will help the next owner to achieve rents at the top of the market.
Given the strong market dynamics and unique appeal of the subject property, 926 North Bewley Street is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.