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
1001 and 1003 must be sold together, they are the same parcel number. 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 loca
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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