1001 W Myrtle ST new Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92703
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,032 sqft
Price per Sqft $454
MLS Listing ID PW25031358
Bedrooms 2
Full Baths 1
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1931
Lot Size 9,583 Sqft
Property Sub-Type Single Family Residence
Property 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.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Main Level Bedrooms 2
Interior
Interior Features Granite Counters,Open Floorplan,All Bedrooms Down
Cooling None
Flooring Laminate,Tile,Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Oven,Gas Range,Microwave,Water Heater
Laundry Laundry Room,Outside
Exterior
Parking Features Door-Multi,Driveway Level,Garage,On Site,Public,Private,One Space,On Street
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs,Sidewalks
Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available
View Y/N No
View None
Roof Type Shingle
Porch None
Attached Garage Yes
Total Parking Spaces 11
Private Pool No
Building
Lot Description 2-5 Units/Acre
Dwelling Type House
Story 1
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Schools
School District Santa Ana Unified
Others
Senior Community No
Tax ID 00824142
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard,Trust