1003 - 1001 W Myrtle ST 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
MLS Listing ID PW24206655
Year Built 1986
Annual Tax Amount $18,500
Lot Size 9,583 Sqft
Property Description
You can reach CAP rate 8% and INCREASE your income substantially approx. $40,000 annually by adding ONE ADU 2 bedroom Unit, 1 full bath and Build an addition to the FRONT HOUSE. All PLANS &PERMITS are available (pleases check supplements)
Currently 3 units – 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units – 12 rooms and 6 bathrooms
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
** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bathroom cabinets
* Each house is SEPARATELY metered for gas, electric and water
Seller has APPROVED PLANS from the city & Building PERMIT, over $27,000 in design & city fees paid & included in the purchase price. The permit will be TRANSFERRED to the buyer.
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 available, rental cash flow – please request it.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning R2
Interior
Heating None
Cooling None
Flooring Laminate,Tile,Vinyl
Fireplaces Type None
Laundry Common Area,In Garage,Laundry Room
Exterior
Parking Features Door-Multi,Direct Access,Garage,On Site,Oversized,Public,One Space
Garage Spaces 5.0
Garage Description 5.0
Fence Fair Condition
Pool None
Community Features Curbs,Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Shingle
Building
Lot Description 2-5 Units/Acre
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard