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Listed by Carmen Abram Tawfik • T.N.G. Real Estate Consultants
$1,590,000
Est. payment /mo
9,583 Sqft Lot
New
1003 W Myrtle ST Santa Ana, CA 92703
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25125649
Year Built 1986
Lot Size 9,583 Sqft
Property Sub-Type Triplex
Source California Regional MLS
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
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Kitchen Other, Oven Range - Gas
Interior
Heating No Heating
Cooling None
Flooring Laminate
Laundry In Laundry Room, Laundry Area
Exterior
Parking Features Attached Garage, Garage, Common Parking Area, Parking Area, Common Parking - Public, Room for Oversized Vehicle
Garage Spaces 14.0
Pool 31, None
View None
Roof Type Shingle
Building
Story One Story
Water Hot Water, District - Public
Others
Tax ID 00824142
Special Listing Condition Not Applicable
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