1003 - 1001 W Myrtle Street
Santa Ana, CA 92703
$30,000.00 (-1.77%)
Active for $1,668,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 9,583 sqft
| MLS | PW24206655 |
| Year Built | 1986 |
| Property Type | Duplex |
| County | Orange |
| Status | Active |
| Active | $1,668,000 |
| Structure Size | N/A sqft |
| Lot Size | 9,583 sqft |
| Beds | N/A |
| Baths | N/A |
Description
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 - ADU - to the big building and build an addition for the front house, you will end up with FIVE residences. ** Seller has APPROVED PLANS from the city & Building PERMIT. Will be TRANSFERRED at NO additional cost (see supplements) Reach CAP rate - Upto 8% CAP / $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. Current INCOME $106,500 annually, from ALL 3 residences. $8,880/month - reliable tenants. Increased 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 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 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.
Listing information courtesy of: Carmen Abram Tawfik, T.N.G. Real Estate Consultants . *Based on information from the Association of REALTORS/Multiple Listing as of 03/15/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Joe Nahas
REALTOR®
Direct: 310.402.0201
Email: Email Me
DRE: 01975197
DRE #01873088
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