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1003 W Myrtle Street new Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92703
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,231 sqft
Price per Sqft $537
MLS Listing ID PW25044739
Bedrooms 5
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1986
Lot Size 9,578 Sqft
Property Sub-Type Duplex
Property Description
HAS TO BE sold together with 1001 W myrtle- MLS # PW25031358
* Each house is SEPARATELY metered for gas, electric and water.
Seller has APPROVED PLANS from the city & Building PERMIT, to add an ADU. Permit will be TRANSFERRED at NO additional cost (see supplements)
This multi-family house is split on the inside to 2 units, you can live in one unit and rent the other unit.
Unit A – is 2 story unit with 7 rooms total, 3 spacious bedrs, 2 open rooms in the loft, can be turned to a room and an office, 2 full bath, 3 car garage (detached) ** One bedroom with full bathroom is downstairs.
Unit B - an upstairs unit - 3 rooms total, 2 spacious bedrs, spacious family/dining room, one full bathroom & kitchen.
** In 2022 MAJOR REMODEL was done, new windows, new floors everywhere & completely new kitchen granite countertops and self-closing cabinets and newer appliances. NEW bathroom vanities and tubs
Sitting on a LARGE Lot approx 9,583 sq.ft, provides plenty of additional parking – can fit upto 9 cars , besides the 3 car garage.
The property has a private gate for more privacy and security.
You can reach CAP rate about 8% and INCREASE your income substantially approx. $40,000 annually by adding another unit an ADU (2 bedroom Unit, 1 full bath) and Build an addition to the FRONT HOUSE.
Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers.
Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year.
Over $27,000 in design & city fees paid & included in the purchase price. Whether you're looking for a multi-family residence, an investment opportunity, or a place to call home while renting out the other units, this income generating duplex offers endless possibilities.
* CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57.
South of First st – close to Flower, Bishop & Bristol st.
One of the strongest rental markets in Southern California. The City of Santa Ana is a historic city with a vibrant downtown located in Orange County.
Plenty of activities, Bowel museum, Discovery science center, Shopping Malls, outlet mall with cinema & indoor skate park.
Must see in person to appreciate the flow and floor plan. virtually staged. Please DO NOT go direct, do not disturb tenants. Offers subject to interior inspection.
PROPERTY VIDEO available & rental cash flow report– please request it.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning R2
Rooms
Main Level Bedrooms 1
Interior
Interior Features Breakfast Bar,High Ceilings,Multiple Staircases,Open Floorplan,Pantry,Quartz Counters,Storage,Bedroom on Main Level,Loft
Heating None
Cooling None
Flooring Laminate,Tile,Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Oven,Electric Range,Gas Oven,Gas Range,Microwave,Tankless Water Heater,Water Heater
Laundry Laundry Room
Exterior
Parking Features Door-Multi,Door-Single,Driveway,Garage Faces Front,Garage,On Site,Off Street,Paved,One Space
Garage Spaces 3.0
Garage Description 3.0
Fence Block,Good Condition,Privacy
Pool None
Community Features Curbs,Street Lights,Sidewalks
Utilities Available Electricity Available,Natural Gas Available,Sewer Available
View Y/N No
View None
Roof Type Shingle
Accessibility Parking
Porch Concrete,Patio
Attached Garage Yes
Total Parking Spaces 12
Private Pool No
Building
Lot Description 2-5 Units/Acre,Landscaped,Street Level
Dwelling Type Duplex
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Schools
School District Santa Ana Unified
Others
Senior Community No
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard,Trust