1001 W Myrtle Street
Santa Ana, CA 92703
1032 sqft | 2 beds | 1 bath | 0.22 acres | #PW25031358
Description
HAS TO BE sold together with 1003 W myrtle – MLS # PW25044739
* Each house is STAND ALONE & SEPARATELY metered for gas, electric and water. Add an extra unit - ADU - Seller has APPROVED PLANS from the city & Building PERMIT, to add an ADU, for additional income. Permit will be TRANSFERRED at NO additional cost (see supplements)
Upto 8% CAP rate & INCREASE your income substantially approx. $40,000 annually by adding another ADU unit (2 bedrs, 1 full bath) & build an addition to the FRONT HOUSE.
Currently leased for $2,780, to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers.
Total RENT $8,880/month (from ALL 3 units), can be increased by another $3,450/month with the ADU. Currently $106,500 annual income, from ALL 3 units.
Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year.
Single Family house in the front of this large lot with front and side yards, total 3 rooms, 2 spacious bedrooms, spacious family/dining room and one full bathroom and kitchen with attached 2 car garage.
** In 2022 MAJOR REMODEL done, new windows, new floors everywhere & completely new kitchen granite countertops w/self-closing & newer appliances. NEW bathroom vanities & tubs.
LARGE Lot approx 9,583 sq.ft, provides plenty of additional parking, upto 9 cars (can bring additional rent income)
Gate for privacy.
Whether you're looking for a multiple families residence, an investment opportunity, or a place to call home while renting out the other units, this income generating duplex offers endless possibilities.
One of the strongest rental markets in So Cal. The City of Santa Ana is a historic city w/ vibrant downtown located in OC.
South of First st, close to Flower, Bishop & Bristol st.
* CENTRALLY located, close to MAJOR fwy 22,5,57.
Plenty of activities, Bowel museum, Discovery science, Outlet mall w/ indoor skate
Over $27,000 in design & city fees paid & included in the purchase price.
Must see to appreciate the flow & floor plan. Virtually staged. Please DO NOT go direct & disturb tenants. Offers subject to interior inspection.
Pls request PROPERTY VIDEO & rental cash flow.
Property Details
- Utility FeaturesElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable
- InteriorGraniteCounters, OpenFloorplan, AllBedroomsDown
- Property SubtypeSingleFamilyResidence
- Lot DescriptionTwoToFiveUnitsAcre
- School DistrictSanta Ana Unified
- Sewer InformationPublicSewer
- MLS #PW25031358
- MLS #PW25031358
- Property TypePurchase
- Original List Price$469,000
- FoundationRaised
- Utility SourcePublic
- CountyOrange
- Cost469000
- Subdivisionother
- Structure TypeHouse
- Acres0.22
- Square Feet1032
- Year Built1931
- Bedrooms2
- Bathrooms1
- Full Baths1
- Stories1
- Parking Spaces2
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Carmen Abram Tawfik (#PWTAWFCAR)
Listing Office: T.N.G. Real Estate Consultants (#PB18025)
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