1003 W Myrtle Street Santa Ana, CA 92703
UPDATED:
03/09/2025 06:03 AM
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 3,263 sqft
Price per Sqft $511
MLS Listing ID PW25044739
Style Townhome
Bedrooms 5
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1986
Lot Size 9,580 Sqft
Acres 0.2199
Property Sub-Type Townhome
Property Description
TWO SINGLE FAMILY houses - with total THREE completely sperate, detached residences. * The TWO houses are STAND ALONE & SEPARATELY metered for gas, electric and water, each has own mailing address. Add - ADU - to the big building and build an addition for the front house, you will end up with FIVE residences. ** Seller has APPROVED PLANS from the city & Building PERMIT. Will be TRANSFERRED at NO additional cost (see supplements) Upto 8% CAP rate & approx. $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. Current INCOME $106,500 annually, from ALL 3 residences. $8,880/month - reliable tenants. Increased 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. This multi-family BIG house at the back of the lot is split on the inside to 2 units, you can live in one unit and rent the other. Unit A feels like Single Family (no common walls), it is 2 story, upstairs - downstairs with total 5 rooms, 3 spacious bedrs & loft w/2 open rooms, can be turned to 2 rooms & 2 full bath, 3 car garage (detached) ** One bedroom and full bathroom is DOWNSTAIRS. Unit B is an upstairs unit - total 3 rooms, 2 spacious bedrs, spacious family/dining room, one full bath & kitchen. Front house is a SINGLE STORY - 2 bedrs, one FULL bath & kitchen, spacious family/dining room, 2 attached garage. ** In 2022 MAJOR REMODEL done, new double-pane windows, new floors everywhere & completely new kitchen cabinets w/granite countertops. NEW bathroom vanities & tubs LARGE Lot approx 9,583 sq.ft, additional parking, upto 9 cars (can be additional rent income) Gate for privacy. Over $27,000 in design & city fees paid & included in the purchase price. Whether you're looking for a multiple families residence or an investment opportunity, this income generating property has it all. 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. Must see to appreciate the flow & floor plan. Virtually staged. Pls DO NOT go direct & disturb tenants. Offers subject to interior inspection. Pls request PROPERTY VIDEO & rental cash flow.
Location
State CA
County Orange
Area Oc - Santa Ana (92703)
Zoning R2
Interior
Interior Features 2 Staircases, Pantry
Flooring Laminate, Linoleum/Vinyl, Tile
Equipment Microwave, Electric Oven, Gas & Electric Range, Gas Oven
Appliance Microwave, Electric Oven, Gas & Electric Range, Gas Oven
Laundry Laundry Room
Exterior
Parking Features Garage, Garage - Single Door, Garage - Two Door
Garage Spaces 5.0
Fence Good Condition, Privacy
Utilities Available Electricity Available, Natural Gas Available, Sewer Available
Roof Type Shingle
Total Parking Spaces 14
Building
Lot Description Curbs, Sidewalks, Landscaped
Story 2
Lot Size Range 7500-10889 SF
Sewer Public Sewer
Water Public
Level or Stories 2 Story
Construction Status Updated/Remodeled
Others
Monthly Total Fees $79
Acceptable Financing Exchange
Listing Terms Exchange
Special Listing Condition Standard
