1003 1001 W Myrtle Street

Santa Ana, CA 92703

  • 7 Bed(s)
  • 4 Bath(s)
  • 3,043 Sqft
  • 9583
    Sqft(Lot)
$1,668,000

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 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.

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    47108387

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle
    • Interior Features: Multiple Staircases,Open Floorplan,Quartz Counters,Storage,Bedroom on Main Level
    • Property Appliances: Electric Range,Gas Range,Gas Water Heater,Tankless Water Heater,Water Heater
    • Fireplace: None
    • Flooring: Laminate,Tile,Vinyl

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • None
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1986
    • Building Area Total: 3,043
    • Roof: Shingle

    Foundation

    • Concrete Perimeter

    Security Features

    • Carbon Monoxide Detector(s),Smoke Detector(s)

    Accessibility Features

    • Parking

    Pool Features

    • None

    Laundry Features

    • Common Area,In Garage,Laundry Room

    Fencing

    • Fair Condition

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.22
    • Lot Size Source: Appraiser
    • Lot Size Square Feet: 9583

  • Listing Price Information

    • Original List Price: 1,668,000
    • Listing Contract Date: 2024-10-04

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 00824142
    • Annual Tax: 18500

  • Garage and Parking

    • Garage Description: Door-Multi,Direct Access,Garage,On Site,Oversized,Public,One Space

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: All Utilities,Electricity,Sewer,Trash Collection,Water

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 69 - Santa Ana South of First
    • Postal Code Plus 4: 3911
    • Directions: Closer to Bristol, McFadden, Flower and 1st Streets.
    • Zoning: R2
    • Source Property Type: Residential Income
    • Area: 69 - Santa Ana South of First
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 39
    • Common Walls: No Common Walls
    • Property Condition: Building Permit,Fixer,Repairs Cosmetic
    • Structure Type: Duplex
    • Year Built Source: Other
    • Entry Location: street
    • Levels or Stories: One,Two,Multi/Split
    • Building Total Stories: 1
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BuyOwner last updated this listing 05/12/2025 @ 19:46

  • MLS: PW24206655
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 7 bedrooms which is for sale, it has 3,043 sqft, 9,583 sized lot, and 5 parking. are nearby neighborhoods.