1003 1001 W Myrtle Street

Santa Ana, CA 92703

  • 7 Bed(s)
  • 4 Bath(s)
  • 3,263 Sqft
  • 9580
    Sqft(Lot)
$1,668,000

Description

Two single family houses - with total three completely sperate, detached residences.

* the two houses are stand alone & separately metered for gas, electric and water, each has 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)

upto 8% cap rate & approx. $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.

this multi-family big house at the back of the lot is split on the inside to 2 units, you can live in one unit and rent the other.

unit a – feels like single family (no common walls), it is 2 story, upstairs - downstairs with total 5 rooms, 3 spacious bedrs & loft w/2 open rooms, can be turned to 2 rooms & 2 full bath, 3 car garage (detached) ** one bedroom and full bathroom is downstairs.

unit b – is an upstairs unit - total 3 rooms, 2 spacious bedrs, spacious family/dining room, one full bath & kitchen.

front house is a single story - 2 bedrs, one full bath & kitchen, spacious family/dining room, 2 attached garage.

** in 2022 major remodel done, new double-pane windows, new floors everywhere & completely new kitchen cabinets w/granite countertops. new bathroom vanities & tubs

large lot approx 9,583 sq.ft, additional parking, upto 9 cars (can be additional rent income)

gate for privacy.

over $27,000 in design & city fees paid & included in the purchase price. whether you're looking for a multiple families residence or an investment opportunity, this income generating property has it all.

one of the strongest rental markets in so cal. the city of santa ana is a historic city w/ vibrant downtown located in oc.

south of first st, close to flower, bishop & bristol st.

* centrally located, close to major fwy 22,5,57.

plenty of activities, bowel museum, discovery science, outlet mall w/ indoor skate.

must see to appreciate the flow & floor plan. virtually staged. pls do not go direct & disturb tenants. offers subject to interior inspection.

pls request property video & rental cash flow.

  • Property Type

    Residential

  • County

    Orange

  • Style

    Residential

  • AD ID

    48782422

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Property Details

  • Bedroom Information

    • Total Bedrooms : 7

    Bathroom Information

    • Total Baths: 4
    • Full Baths: 4
    • Half Baths: 0

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle
    • Interior Features: Breakfast Bar,High Ceilings,Multiple Staircases,Open Floorplan,Pantry,Quartz Counters,Storage,Bedroom on Main Level,Loft
    • Windows: Double Pane Windows
    • Property Appliances: Electric Oven,Electric Range,Gas Oven,Gas Range,Microwave,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
    • Roof: Shingle

    Foundation

    • Slab

    Accessibility Features

    • Parking

    Pool Features

    • None

    Laundry Features

    • Laundry Room

    Patio And Porch

    • Concrete,Patio

    Fencing

    • Block,Good Condition,Privacy

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2199
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 9580

  • Listing Price Information

    • Original List Price: 1,668,000
    • Listing Contract Date: 2025-02-26

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 00824142

  • Garage and Parking

    • Garage Description: Door-Multi,Door-Single,Driveway,Garage Faces Front,Garage,On Site,Off Street,Paved,One Space
    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 69 - Santa Ana South of First
    • Directions: Close to Bristol, McFadden, Flower and First Streets
    • Zoning: R2
    • Source Property Type: Residential
    • Area: 69 - Santa Ana South of First
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 39
    • Common Walls: 1 Common Wall
    • Property Condition: Updated/Remodeled
    • Structure Type: Duplex
    • Year Built Source: Appraiser
    • Total Square Feet Living: 3263
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
    • Structure Type: Duplex
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BuyOwner last updated this listing 04/26/2025 @ 07:08

  • MLS: PW25044739
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 7 bedrooms which is for sale, it has 3,263 sqft, 9,580 sized lot, and 5 parking. are nearby neighborhoods.