1001 W Myrtle, Santa Ana, CA 92703
- $1,468,088
- List Price
- $1,468,088
- Status
- ACTIVE
- MLS#
- PW26209173
- Year Built
- 1987
- Lot Size
- 9,583
- Acres
- 0.22
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 0
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Stories
- One Level, Two Levels
- Neighborhood
- Other
Property Description
TWO DETACHED BUILDINGS (1001 & 1003 W. MYRTLE — SOLD TOGETHER) • THREE RENTAL UNITS • ONE LARGE LOT • A versatile investment opportunity • STRONG Existing Rental Income — Stable Tenants • HIGH VALUE — Unusually strong income for its unit count, over 6% CAP Rate. with over $107,700 in current annual gross income, plus additional laundry and garage income • LARGER BUILDING — One of the MOST COMPETITIVELY PRICED small multifamily properties by $/SF • ONE OF THE LARGER LOTS among comparable properties — approximately 9,583 SF, PROVIDING substantially more land • 5 garages / plus additional parking spaces on the LOT • Documented ADU / VALUE_ADD potential — Stamped plans available for review • AMPLE LAND + Multiple avenues for FUTURE value creation • RARE DETACHED MULTIFAMILY CONFIGURATION — No shared walls, No one ABOVE OR BELOW, providing PRIVACY • Stong tenant appeal & Rental demand • Separate utility meters • LIVE IN ONE • RENT THE OTHERS • OR INVEST FOR CASH FLOW • COMPLETELY REMODELED IN 2022 — New EVERTHING: Double pane windows, flooring, kitchen cabinets, countertops, bathroom vanities and tubs • 10 ROOMS • 3 FULL BATHS • 2 FULL KITCHENS • Virtually staged / AI - generated images • Existing garage structures provide a documented pathway for potential future ADU conversion • Please see Supplements for permits, plans and supporting documentation. • Prime Central Location Strategically positioned • CLOSE to Tustin and Orange borders, with convenient access to major freeways, employment centers, shopping, dining, and schools SHOWING: Tenant Occupied — DRIVE-BY ONLY. Showings by appointment upon receipt of a complete offer package.
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Additional Information
- Taxes
- $12,906
- Appliances
- Electric Cooktop, Electric Oven, Electric Range, Gas Range, Tankless Water Heater, Water Heater
- Pool Description
- None
- Heat
- None
- Cooling Description
- None
- View
- None
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Granite Counters, Multiple Staircases, Open Floorplan, Quartz Counters, Bedroom on Main Level, Loft, Main Level Primary
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $107,760
- Operating Expense
- 15106
Listing courtesy of Listing Agent: Carmen Abram Tawfik (carmenrealestate01@gmail.com) from Listing Office: T.N.G. Real Estate Consultants.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.