Two-Unit Property Ideal for
For Sale
$1,200,000
1314 N Bewley Street, Santa Ana, CA 92703
Two-unit property with positive cash flow, great for investors.
Property Size2,328 SF
Days on Market157
Property Features for 1314 N Bewley Street
General Information
Standard status
Active
Size
2,328 SF
Property subtype
Duplex
Building Details
Building Size
2,328 SF
Year Built
1964
Listing Agency:
Superior Real Estate Group
(714) 375-3000
Listed By:
Thomas Luong · License #01851108
Source:
Stephanieyounggroup
Added: Mar 27
Changed: Aug 28
Last Checked: Aug 29 at 4:32PM
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 Superior Real Estate Group
Investment Insights
Based on property information with market context.
This two-unit property is suitable for investors. The front unit features 2 bedrooms and 1 bathroom and is rented for $2100 per month. The back unit includes 3 bedrooms and 2 bathrooms and is rented for $2350 per month. The property is being sold AS-IS. Tenants are responsible for paying electric, gas, and water. Offers are subject to interior inspection.
Key Highlights
- Positive cash flow investment property
- Total rental income: $4450/month
- Two units: Front unit (2 beds, 1 bath) and Back unit (3 beds, 2 baths)
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
$42,151
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
3.51%
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%
$843,020
$843.0K
Cap Rate 7%
$602,157
$602.2K
Cap Rate 9%
$468,344
$468.3K
Market Conditions
NOI Build-Up for 2,328 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
$62.9K $27.00/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$60.2K $25.87/SF
− OpEx
−$18.1K −$7.76/SF
NOI
$42.2K $18.11/SF
Area
ZIP 92703
Vacancy
4.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$843,020
Cap Rate 7%
$602,157
Cap Rate 9%
$468,344
Alternative Uses
Best Use
Multifamily LT 5
$602.2K
$526.9K – $702.5K
NOI $42,151 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$557.8K
$488.1K – $650.8K
NOI $39,047 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$673.8K
$589.6K – $786.1K
NOI $47,166 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,140
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?
Duplex - Two-unit property with positive cash flow, great for investors.
Where is this duplex located?
The property is located at 1314 N Bewley Street Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Positive cash flow investment property; Total rental income: $4450/month; Two units: Front unit (2 beds, 1 bath) and Back unit (3 beds, 2 baths)
