1003 W Myrtle ST Santa Ana, CA 92703
9,583 Sqft Lot
OPEN HOUSE
Sat Jun 21, 1:00pm - 4:00pm
Sun Jun 22, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Single Family Home, Commercial
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25125649
Construction Status Building Permit,Repairs Cosmetic,Updated/Remodeled
HOA Y/N No
Year Built 1986
Annual Tax Amount $18,500
Lot Size 9,583 Sqft
Property Sub-Type Single Family Residence
Property Description
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 Bath, 2 Full kitchen, 3 car garage, split into 2 units from inside (one residence is Townhouse - has 2 levels - upstairs, downstairs - no common walls - with total 5 rooms, 3 spacious bedrs & loft w/2 open rooms, can be turned to 2 additional rooms.
second residence 2 rooms, full bath.
Original FRONT single family House, one level, 2 beds & 1 FULL Bath, front, side and backyard.
One of the strongest rental markets in So Cal. The City of Santa Ana is a historic city w/ vibrant downtown located in OC.
Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year.
* 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.
All rooms, landscape are virtually staged.
Must see in person to appreciate the flow and floor plan.
Front House is the original that was build in 1936
some insights into neighborhood views from surveys : respondents say they would walk alone at night, and say streets are well-lit.
Contractor info available
** PROPERTY VIDEO and rental cash flow are available
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning R2
Interior
Interior Features Granite Counters, Multiple Staircases, Open Floorplan, Quartz Counters, Storage, Bedroom on Main Level, Loft, Main Level Primary
Heating None
Cooling None
Flooring Laminate, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Range, Gas Range, Gas Water Heater, Tankless Water Heater, Water Heater
Laundry Common Area, Laundry Room
Exterior
Parking Features Door-Multi, Direct Access, Door-Single, Garage, On Site, Oversized, Public, One Space
Garage Spaces 5.0
Garage Description 5.0
Fence Fair Condition
Pool None
Community Features Curbs, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Shingle
Accessibility Parking
Total Parking Spaces 14
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Construction Status Building Permit,Repairs Cosmetic,Updated/Remodeled
Others
Senior Community No
Tax ID 00824142
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard, Trust
