1003 W Myrtle Street new Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92703
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,043 sqft
Price per Sqft $522
MLS Listing ID CRPW25125649
Year Built 1986
Lot Size 9,583 Sqft
Property Sub-Type OTHER
Property 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 B
Location
State CA
County Orange
Interior
Heating None
Cooling No Air Conditioning
Flooring Laminate,Tile,Vinyl
Laundry Common Area,Laundry Room
Exterior
View None