56
See all 56 photos
$1,668,000
Est. payment /mo
7 Beds
4 Baths
9,583 Sqft Lot
Active
1003 W Myrtle Street Santa Ana, CA 92703
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24206655
Bedrooms 7
HOA Y/N No
Lot Size 9,583 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
CASH FLOW $107,000 current annual rent income - reliable tenants. TWO SINGLE FAMILY houses - with total THREE completely separate, detached residences. * The TWO houses are STAND ALONE & SEPARATELY metered for gas, electric and water, each has its own mailing address. Add - TWO ADUs , you will end up with FIVE residences. ** Seller has APPROVED PLANS from the city & Building PERMIT for ADU. Will be TRANSFERRED at NO additional cost (see supplements) Reach CAP rate - Upto 8% CAP / and additional $40,000 annual rent increase with those TWO additions: One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchen) to the FRONT HOUSE. Increase in RENT by another $3,450/month with ADU. Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year. Currently 3 units 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units 12 rooms and 6 bathrooms ** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bathroom cabinets 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 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 inspectio
CASH FLOW $107,000 current annual rent income - reliable tenants. TWO SINGLE FAMILY houses - with total THREE completely separate, detached residences. * The TWO houses are STAND ALONE & SEPARATELY metered for gas, electric and water, each has its own mailing address. Add - TWO ADUs , you will end up with FIVE residences. ** Seller has APPROVED PLANS from the city & Building PERMIT for ADU. Will be TRANSFERRED at NO additional cost (see supplements) Reach CAP rate - Upto 8% CAP / and additional $40,000 annual rent increase with those TWO additions: One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchen) to the FRONT HOUSE. Increase in RENT by another $3,450/month with ADU. Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year. Currently 3 units 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units 12 rooms and 6 bathrooms ** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bathroom cabinets 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 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 and rental cash flow are available - please request it. Referrals for contractors that can get ADU started immediately will be provided too.
CASH FLOW $107,000 current annual rent income - reliable tenants. TWO SINGLE FAMILY houses - with total THREE completely separate, detached residences. * The TWO houses are STAND ALONE & SEPARATELY metered for gas, electric and water, each has its own mailing address. Add - TWO ADUs , you will end up with FIVE residences. ** Seller has APPROVED PLANS from the city & Building PERMIT for ADU. Will be TRANSFERRED at NO additional cost (see supplements) Reach CAP rate - Upto 8% CAP / and additional $40,000 annual rent increase with those TWO additions: One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchen) to the FRONT HOUSE. Increase in RENT by another $3,450/month with ADU. Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year. Currently 3 units 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units 12 rooms and 6 bathrooms ** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bathroom cabinets 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 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 and rental cash flow are available - please request it. Referrals for contractors that can get ADU started immediately will be provided too.
Location
State CA
County Orange
Area Oc - Santa Ana (92703)
Zoning Other
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Monthly Total Fees $79
Acceptable Financing Exchange
Space Rent $2,780
Listing Terms Exchange
Listed by Carmen Abram Tawfik • T.N.G. Real Estate Consultants
GET MORE INFORMATION
QUICK SEARCH
- Home for Sale in Downtown HOT
- Homes For Sale in Point Loma, San Diego, CA
- Homes For Sale in San Diego, CA
- Homes For Sale in Chula Vista, CA
- Homes For Sale in La Jolla, CA
- Homes For Sale in Del Mar, CA
- Homes For Sale in Solana Beach, CA
- Home for Sale in Encinitas
- Home for Sale in Rancho Santa Fe
- Home for Sale in Mission Hills
- Home for Sale in Bay Ho
- Home for Sale in Bay Park
- Home for Sale in Rancho Bernardo
- Home for Sale in Del Cerro
- Home for Sale in La Mesa
- Home for Sale in Coronado
- Home for Sale in Cardiff By The Sea
- Home for Sale in Carlsbad
- Home for Sale in Oceanside
- Home for Sale in Carmel Valley HOT
- Home for Sale in Kensington
- New Condos in San Diego HOT
- Home for Sale in Pacific Gate Tower HOT
- Home for Sale in Savina Tower HOT