Active
1003 - 1001 W Myrtle Street
Santa Ana CA, 92703
$1,698,000
$558.00 per sqft
Active
3,043 sqft
Multi-family
Built in 1986
Listed by Carmen Abram Tawfik with T.N.G. Real Estate Consultants 714-987-3310
You can reach CAP rate 8% and INCREASE your income substantially approx. $40,000 annually by adding ONE ADU 2 bedroom Unit, 1 full bath and Build an addition to the FRONT HOUSE. All PLANS &PERMITS are available (pleases check supplements)
Currently 3 units - 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units - 12 rooms and 6 bathrooms
IN 1986, BACK house SFR was build 7 rooms & 3 Full Bath, split into 2 units from inside.
Original FRONT single family House, one level, 2 beds & 1 FULL Bath. Sitting on a LARGE Lot approx 9,583 sq.ft
** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bathroom cabinets
* Each house is SEPARATELY metered for gas, electric and water
Seller has APPROVED PLANS from the city & Building PERMIT, over $27,000 in design & city fees paid & included in the purchase price. The permit will be TRANSFERRED to the buyer.
Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers.
GREAT INVESTMENT. SELLERS will consider all offers.
* CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57. DO NOT go direct, do not disturb tenants. Offers subject to interior inspection.
Must see in person to appreciate the flow and floor plan.
PROPERTY VIDEO available, rental cash flow - please request it.
PW24206655
MLSⓇ ID
October 4, 2024
Listed
January 19, 2025
Updated
Map
1003 - 1001 W Myrtle Street
Santa Ana CA, 92703
Interior Features
Total Stories
1
Interior Features
Multiple Staircases, Open Floorplan, Quartz Counters, Storage, Bedroom on Main Level
Appliances
Electric Range, Gas Range, Gas Water Heater, Tankless Water Heater, Water Heater
Laundry Description
Common Area, In Garage, Laundry Room
Floor Description
Laminate, Tile, Vinyl
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.22 Acres
Lot Features
2-5 Units/Acre
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
69 - Santa Ana South of First
Taxes
$18,500
Tax Frequency
Annually
Days on Market
82
Garage
Yes
Garage Spaces
5
Parking
Door-Multi, Direct Access, Garage, On Site, Oversized, Public, One Space
Parking Total
14
View
No
View Description
None
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Zoning
R2
Listing Contact: 714-987-3310
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/19/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 1/19/2025 at 12:49 PM UTC