Five-Unit Apartment
For Sale
Contact for pricing
1113 N Bewley, Santa Ana, CA 92703
For sale five-unit apartment building in Santa Ana, California totaling 8,701 square feet.
Property Size8,701 SF
Price / SF$441.33
Days on Market40
Property Features for 1113 N Bewley
General Information
Standard status
Active
Size
8,701 SF
Property subtype
Multifamily
Zoning
Builder
Occupancy
100%
Net Operating Income
$176,852
Additional Details
Multifamily Units
5
Building Details
Year Built
2026
Buildings
2
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
Stream Realty Partners Greater L.A.
Listed By:
Pat Swanson · License #CA 01382974
Source:
Crexi
Added: Jul 1
Changed: Aug 7
Last Checked: Aug 8 at 2:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stream Realty Partners Greater L.A.
Investment Insights
Based on property information with market context.
This is a for-sale five-unit apartment building located at 1113–1115 N Bewley Street in Santa Ana, California. The property consists of five residential units within a single multifamily structure.
The building totals 8,701 square feet. It is offered for sale under a multifamily listing and is identified in public remarks as a five-unit income property.
All units are contained within the subject apartment building configuration, providing a straightforward small multifamily structure for an investor or buyer considering residential income real estate.
The building totals 8,701 square feet. It is offered for sale under a multifamily listing and is identified in public remarks as a five-unit income property.
All units are contained within the subject apartment building configuration, providing a straightforward small multifamily structure for an investor or buyer considering residential income real estate.
Key Highlights
- Five‑unit multifamily building for sale in Santa Ana, California
- Total building size: 8,701 SF
- Year built: 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$145,941
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,918,820
$2.9M
Cap Rate 7%
$2,084,871
$2.1M
Cap Rate 9%
$1,621,567
$1.6M
Market Conditions
NOI Build-Up for 8,701 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$276.7K $31.80/SF
− Vacancy
−$11.3K −$1.30/SF
EGI
$265.3K $30.50/SF
− OpEx
−$119.4K −$13.72/SF
NOI
$145.9K $16.77/SF
Area
ZIP 92703
Vacancy
4.10%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,918,820
Cap Rate 7%
$2,084,871
Cap Rate 9%
$1,621,567
Alternative Uses
Best Use
Apartment 5plus
$2.08M
$1.82M – $2.43M
NOI $145,941 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,284 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
Explore this area
Business Placement
Demographics for 92703, CA
65,621
Population
14,644
Households
4.5
Avg Household Size
34
Median Age
13%
College-Educated
60%
High-School Grad
4.2 sq mi
ZIP Area
15,624
Density / Sq Mi
$80,817
Median Household Income
$33,363
Median Earnings
$1,922
Median Rent
$585,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - For sale five-unit apartment building in Santa Ana, California totaling 8,701 square feet.
Where is this apartment building located?
The property is located at 1113 N Bewley Santa Ana, CA.
What is the asking price?
The asking price for this property is $3,840,000.
What are key features of this property?
This property features: Five‑unit multifamily building for sale in Santa Ana, California; Total building size: 8,701 SF; Year built: 2026
