61
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$1,590,000
Est. payment /mo
7 Beds
9,583 Sqft Lot
Active
1003 W Myrtle Street Santa Ana, CA 92703
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25125649
Bedrooms 7
Lot Size 9,583 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Seller might consider buying the rate down. CREATIVE FINANCING options available. Seller has APPROVED PLANS from the city & Building PERMIT for ADU (see supplements) Will be TRANSFERRED at NO additional cost. Turnkey Investment - SOLID Income ** STRONG Cap Rate, Enjoy solid returns $107,000+ annual income from day one based on current rents, with room for upside through rent increases. Reach CAP rate - Upto 8% CAP, ADDITIONAL rent approx. $40,000 annually only from ** ADU** ** Reliable tenants already in place, paying average market rent over the past 3 years! Delivered VACANT is negotiable. ** Currently, Nine (9) spacious rooms, SEVEN (7) 4 Full Bath, 3 Full Kitchen & 5 car garage. Total 14 parking spots on this HUGE 10,000 lot. * TWO buildings SEPARATELY metered for gas, electric, water and different mailing addresses. Has to be sold together they share the same parcel (See Parcels description in supplements) ** In 2022 MAJOR REMODEL for ALL buildings was done, NEW windows, NEW floors everywhere, NEW kitchen & bathroom cabinets. IN 1986, BACK house SFR was build split into 2 residences from inside. Big backyard and side yard separated for more privacy. Original FRONT single family residence is one SINGLE story, has 2 beds & 1 FULL Bath, front, side and backyard. One of the strongest rental markets in So Cal. The City of Santa Ana is a historic city w/ vibrant downtown located in OC. Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year. CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJO
Location
State CA
County Orange
Zoning Other
Direction Closer to Bristol, McFadden, Flower and 1st Streets.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 00824142
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Carmen Abram Tawfik T.N.G. Real Estate Consultants
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