1003 W Myrtle Street Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92703
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,263 sqft
Price per Sqft $487
MLS Listing ID PW25115762
Bedrooms 7
Full Baths 4
Year Built 1986
Property Sub-Type Detached
Property Description
CREATIVE FINANCING options available. LEASE OPTION. SELLER FINANCE, Seller may carry existing loan. Any other creative terms welcome! Ideal for Multi-Generational Living Comfort, Privacy in a SAFE neighborhood. This perfectly designed property offers multiple private living spaces ** Live in one house and rent the other TWO residences. Rent will pay for your mortgage. Turnkey Investment ** STRONG 5% Cap Rate, Enjoy solid returns $107,000+ annual income from day one based on current rents, with room for upside through rent increases. ** Reliable tenant already in place, paying over market rent over the past 3 years! THREE Completely separate, DETACHED residences. Total TWO buildings STAND ALONE, completely DETACHED. SEPARATELY metered for gas, electric and water. Each has its own mailing address: 1001 and 1003 W Myrtle. Nine (9) spacious rooms, 4 Full Bath, 3 Full Kitchen & 5 car garage. Total 14 parking spots on this HUGE 10,000 lot ** In 2022 MAJOR REMODEL for ALL buildings was done, NEW windows, NEW floors everywhere, NEW 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 ADDITIONAL rent approx. $40,000 annually only from ** ADU** 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. IN 1986, BACK house SFR was build split into 2 residences from inside. Original FRONT single family residence is one SINGLE story
Location
State CA
County Orange
Zoning R2
Interior
Flooring Laminate,Linoleum/Vinyl,Tile
Exterior
Parking Features Garage,Garage - Single Door,Garage - Two Door
Garage Spaces 5.0
Fence Good Condition,Privacy
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N Yes
Roof Type Shingle
Building
Story 2
Sewer Public Sewer
Water Public
Others
Special Listing Condition Standard