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Listed by Carmen Abram Tawfik • T.N.G. Real Estate Consultants
$ 1,590,000
Est. payment | /mo
3,043 SqFt
$ 1,590,000
Est. payment | /mo
3,043 SqFt
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
HOA Y/N No
Year Built 1986
Lot Size 9,583 Sqft
Property Sub-Type OTHER
Source Datashare California Regional
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
Fireplace No
Appliance Gas Water Heater, Tankless Water Heater
Laundry Common Area, Laundry Room
Exterior
View None
Handicap Access Other
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