Santa Ana, CA 92703,1003 W Myrtle Street
Santa Ana, CA 92703,1003 W Myrtle Street
Santa Ana, CA 92703,1003 W Myrtle Street
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Listed by Carmen Abram Tawfik • T.N.G. Real Estate Consultants
$1,590,000
Est. payment /mo
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3,043 SqFt
New

1003 W Myrtle Street Santa Ana, CA 92703

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 3,043 sqft

Price per Sqft $522

MLS Listing ID CRPW25125649

HOA Y/N No

Year Built 1986

Lot Size 9,583 Sqft

Property Sub-Type OTHER

Source Datashare California Regional

Property Description

STOP by my OPEN HOUSE ** GREAT CASH FLOW $107,000 is the current annual rent income - reliable tenants, paying above average market price. THREE completely separate, detached residences. Total TWO buildings STAND ALONE & SEPARATELY metered for gas, electric and water, each has its own mailing address: 1001 and 1003 W Myrtle 9 spacious rooms, 4 Full Bath, 3 Full Kitchen & 5 car garage. Total 14 parking spots on this HUGE 10,000 lot. Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. ** In 2022 MAJOR REMODEL for both buildings was done, new windows, new floors everywhere & kitchen & bathroom cabinets You can ADD ** an ADU in the 3 car garage and build an addition to the front house in the 2 car garage. You will end up with FOUR completely detached, separate residences, bringing in an approx. $40,000 EXTRA annual rent from those TWO ADU alone. ** Seller has APPROVED PLANS from the city & Building PERMIT for ADU (see supplements) Will be TRANSFERRED at NO additional cost Reach CAP rate - Upto 8% CAP One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchenette) to the FRONT HOUSE. You can end up with 5 residences – 12 rooms and 6 bathrooms IN 1986, BACK house SFR was build 7 rooms, 3 Full B

Location

State CA

County Orange

Interior

Heating None

Cooling No Air Conditioning

Flooring Laminate, Tile, Vinyl

Fireplace No

Appliance Gas Water Heater, Tankless Water Heater

Laundry Common Area, Laundry Room

Exterior

View None

Handicap Access Other


Bay East AOR and Contra Costa AOR

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agent

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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1003 W Myrtle Street