1003 West Myrtle Street Active 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 3,043 sqft
Price per Sqft $548
MLS Listing ID PW-24206655
Year Built 1986
Lot Size 9,583 Sqft
Property Sub-Type Duplex
Property Description
CASH FLOW $107,000 current annual rent income - reliable tenants. TWO SINGLE FAMILY houses - with total THREE completely separate, detached residences. * The TWO houses are STAND ALONE & SEPARATELY metered for gas, electric and water, each has its own mailing address. Add - TWO ADUs , you will end up with FIVE residences. ** Seller has APPROVED PLANS from the city & Building PERMIT for ADU. Will be TRANSFERRED at NO additional cost (see supplements) Reach CAP rate - Upto 8% CAP / and additional $40,000 annual rent increase with those TWO additions: One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchen) to the FRONT HOUSE. Increase in RENT by another $3,450/month with ADU. Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year. Currently 3 units - 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units - 12 rooms and 6 bathrooms ** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bathroom cabinets IN 1986, BACK house SFR was build 7 rooms & 3 Full Bath, split into 2 units from inside. Original FRONT single family House, one level, 2 beds & 1 FULL Bath. Sitting on a LARGE Lot approx 9,583 sq.ft Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. GREAT INVESTMENT. SELLERS will consider all offers. * CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57. DO NOT go direct, do not disturb tenants. Offers subject to interior inspection. Must see in person to appreciate the flow and floor plan. PROPERTY VIDEO and rental cash flow are available - please request it. Referrals for contractors that can get ADU started immediately will be provided too.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning R2
Interior
Interior Features 2 Staircases,Open Floorplan,Storage
Heating None
Cooling None
Flooring Laminate,Tile,Vinyl
Fireplaces Type None
Laundry Common Area,In Garage,Individual Room
Exterior
Parking Features Garage,Garage - Three Door,Garage - Two Door,On Site,Oversized,Parking Space,Public,Direct Garage Access
Garage Spaces 5.0
Pool None
Community Features Curbs,Sidewalks
Utilities Available Sewer Connected,Water Connected,Electricity Connected,Natural Gas Connected
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer