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$1,488,000
11 Days On Site

1003 W Myrtle Street
Santa Ana, CA 92703

For Sale|Single Family Residence|Active
0
Beds
0
Total Baths
3,054
SqFt
$487
/SqFt
1986
Built
Subdivision:
Other
County:
Orange
Listed by Carmen Abram Tawfik of T.N.G. Real Estate Consultants [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

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(678) 675-6575
1003 W Myrtle Street1003 W Myrtle Street1003 W Myrtle Street1003 W Myrtle Street
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Strong Cash Flow • Detached Units • ADU Upside • High-Demand Rental Market Investors, take notice. Opportunities offering this combination of immediate income, tenant STABILITY , and documented expansion potential are exceptionally rare in today's Orange County market • In 2022 MAJOR REMODEL was done • IN 1986, BACK house SFR was build 7 rooms, 3 Full Bath, 2 Full kitchen, 3 car garage This unique multi-unit investment features TWO DETACHED BUILDINGS on one lot with separate addresses (1003 & 1001 W. Myrtle Street), creating a highly desirable cottage-style rental environment that tenants love. Unlike traditional apartment properties, all units enjoy ** privacy with NO SHARED WALLS, resulting in stronger tenant retention and consistent rental demand. **Immediate Cash Flow From Day One** Currently generating approximately $107,700 in annual gross income with established tenants already in place, providing immediate revenue and minimizing vacancy risk. Separate LAUNDRY Room - Additional Cash Income Owner only pays for Taxes and Insurance Low maintenance property. Desirable Unit Mix Three residential units across two standalone structures: • Two (2) 2-Bedroom / 1-Bath Units • One (1) 3-Bedroom / 2-Bath Unit Significant Value-Add Opportunity What truly SEPARATES this property from competing investments is the seller's extensive ADU preparation work. Existing garage structures present a documented pathway for future ADU conversion, allowing investors to potentially increase rental income and overall property value. To simplify execution, the seller will provide a comprehensive due diligence package including: • Stamped ADU/Garage Conversion Plans • Permit Status and Supporting Documentation • Site Plans and Property Layout • Pro Forma Income Projections for Future ADUsPrime Central Location Strategically positioned in the heart of Santa Ana with convenient access to major freeways, employment centers, shopping, dining, and schools. The property's central Orange County location continues to support strong tenant demand and long-term rental growth. Seller is organized, motivated, and prepared. Complete due diligence package available upon request. Agent is related to sellers. ** Don't miss this opportunity to acquire a cash-flowing asset with built-in upside in one of Orange County's most active rental markets. Please see Supplements Showing by appointments upon receiving a complete offer package. Tenant Occupied, Please DRIVE by only.

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Listing Snapshot
Price 
$1,488,000
Days On Site 
11 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,054 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.22 Acres
Year Built 
1986
MLS® Number 
PW26125402
Status 
Active
Property Tax 
$16,500
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.22
Disclosures 
RentControl
Garage 
Yes
Garage Spaces 
5
Land Lease 
No
Levels 
OneTwo
Number Of Stories 
2
Parking 
Direct AccessGarageOn SiteOversizedOn Street
Parking Spaces 
1
Property Condition 
Updated/Remodeled
Property Sub Type 
Single Family Residence
Security 
Carbon Monoxide Detector(s)Smoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
3054
Utilities 
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
R2
Interior Features
Appliances 
Electric OvenElectric RangeGas RangeGas Water HeaterTankless Water HeaterWater Heater
Fireplace Features 
None
Flooring 
LaminateTileVinyl
Interior 
Granite CountersOpen FloorplanPantryStorageMaster Downstairs
Laundry Features 
Common AreaLaundry Room
Bedroom 
Kitchen 
Living Room 
Loft 
Master Bathroom 
Master Bedroom 
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Exterior Features
Pool Features 
None
Road Frontage 
City Street
Roof 
Shingle
Spa Features 
None
View 
None
Waterview 
None
Community Features
Building Access 
street
Community Features 
CurbsSidewalks
Financing Terms Available 
1031 Exchange
MLS Area 
69 - Santa Ana South of First


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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