1003 W Myrtle Street

Santa Ana, CA 92703

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,043 Sqft
  • 9583
    Sqft(Lot)
$1,590,000

Description

Stop by my open house ** great cash flow $107,000 is the current annual rent income - reliable tenants, paying above average market price.

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

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    50238186

Sell a home like this and save $94,901 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle
    • Interior Features: Granite Counters,Multiple Staircases,Open Floorplan,Quartz Counters,Storage,Bedroom on Main Level,Loft,Main Level Primary
    • 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

    Security Features

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

    Accessibility Features

    • Parking

    Pool Features

    • None

    Laundry Features

    • Common Area,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: 1,590,000
    • Listing Contract Date: 2025-06-19

    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,Door-Single,Garage,On Site,Oversized,Public,One Space

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: All Utilities,Electricity,Gas,Insurance,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: Single Family Residence

    Building and Construction

    • Property Age: 39
    • Common Walls: No Common Walls
    • Property Condition: Building Permit,Repairs Cosmetic,Updated/Remodeled
    • Structure Type: Single Family Residence
    • Year Built Source: Other
    • Entry Location: street
    • Levels or Stories: One,Two
    • Building Total Stories: 1
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 06/27/2025 @ 13:41

  • MLS: PW25125649
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 3,043 sqft, 9,583 sized lot, and 5 parking. are nearby neighborhoods.