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.

©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 1/19/2025 at 12:49 PM UTC

 

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