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
Square Footage 3,263 sqft
Price per Sqft $511
MLS Listing ID CRPW25044739
Bedrooms 5
Full Baths 3
Year Built 1986
Lot Size 9,580 Sqft
Property Sub-Type Duplex
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 - to
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning R2
Rooms
Family Room Other
Dining Room Breakfast Bar,Dining Area in Living Room,Other
Kitchen Microwave,Pantry,Oven Range - Gas,Oven - Gas,Oven - Electric
Interior
Heating No Heating
Cooling None
Flooring Laminate
Fireplaces Type None
Laundry In Laundry Room
Exterior
Parking Features Attached Garage,Garage,Common Parking Area,Off-Street Parking,Other,Parking Area
Garage Spaces 5.0
Fence Other,2
Pool 31,None
Utilities Available Electricity - On Site
View None
Roof Type Shingle
Building
Lot Description Grade - Level
Foundation Concrete Slab
Water Hot Water,District - Public
Others
Special Listing Condition Not Applicable