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$ 1,590,000
Est. payment | /mo
7 Beds
3 Baths
9,583 Sqft Lot
$ 1,590,000
Est. payment | /mo
7 Beds
3 Baths
9,583 Sqft Lot
OPEN HOUSE
Sat Jun 21, 1:00pm - 4:00pm
Sun Jun 22, 1:00pm - 4:00pm
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
HOA Y/N No
Lot Size 9,583 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
STOP by my OPEN HOUSE ** GREAT CASH FLOW $107,000 is the current annual rent income - reliable tenants, paying above average market price. THREE completely separate, detached residences. Total TWO buildings STAND ALONE & SEPARATELY metered for gas, electric and water, each has its own mailing address: 1001 and 1003 W Myrtle 9 spacious rooms, 4 Full Bath, 3 Full Kitchen & 5 car garage. Total 14 parking spots on this HUGE 10,000 lot. Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. ** In 2022 MAJOR REMODEL for both buildings was done, new windows, new floors everywhere & kitchen & bathroom cabinets You can ADD ** an ADU in the 3 car garage and build an addition to the front house in the 2 car garage. You will end up with FOUR completely detached, separate residences, bringing in an approx. $40,000 EXTRA annual rent from those TWO ADU alone. ** Seller has APPROVED PLANS from the city & Building PERMIT for ADU (see supplements) Will be TRANSFERRED at NO additional cost Reach CAP rate - Upto 8% CAP One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchenette) to the FRONT HOUSE. You can end up with 5 residences 12 rooms and 6 bathrooms IN 1986, BACK house SFR was build 7 rooms, 3 Full Bath, 2 Full kitchen, 3 car garage, split into 2 units from inside (one residence is Townhouse - has 2 levels - upstairs, downstairs - no common walls - with total 5 rooms, 3 spacious bedrs & loft w/2 open rooms, can be turned to 2 additional rooms. second residence 2 rooms, full bath. Original FRONT si
STOP by my OPEN HOUSE ** GREAT CASH FLOW $107,000 is the current annual rent income - reliable tenants, paying above average market price. THREE completely separate, detached residences. Total TWO buildings STAND ALONE & SEPARATELY metered for gas, electric and water, each has its own mailing address: 1001 and 1003 W Myrtle 9 spacious rooms, 4 Full Bath, 3 Full Kitchen & 5 car garage. Total 14 parking spots on this HUGE 10,000 lot. Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. ** In 2022 MAJOR REMODEL for both buildings was done, new windows, new floors everywhere & kitchen & bathroom cabinets You can ADD ** an ADU in the 3 car garage and build an addition to the front house in the 2 car garage. You will end up with FOUR completely detached, separate residences, bringing in an approx. $40,000 EXTRA annual rent from those TWO ADU alone. ** Seller has APPROVED PLANS from the city & Building PERMIT for ADU (see supplements) Will be TRANSFERRED at NO additional cost Reach CAP rate - Upto 8% CAP One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchenette) to the FRONT HOUSE. You can end up with 5 residences 12 rooms and 6 bathrooms IN 1986, BACK house SFR was build 7 rooms, 3 Full Bath, 2 Full kitchen, 3 car garage, split into 2 units from inside (one residence is Townhouse - has 2 levels - upstairs, downstairs - no common walls - with total 5 rooms, 3 spacious bedrs & loft w/2 open rooms, can be turned to 2 additional rooms. second residence 2 rooms, full bath. Original FRONT single family House, one level, 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. MAJOR freeways 22,5,57. DO NOT go direct, do not disturb tenants. Offers subject to interior inspection. All rooms, landscape are virtually staged. Must see in person to appreciate the flow and floor plan. Front House is the original that was build in 1936 some insights into neighborhood views from surveys : respondents say they would walk alone at night, and say streets are well-lit. Contractor info available ** PROPERTY VIDEO and rental cash flow are available
STOP by my OPEN HOUSE ** GREAT CASH FLOW $107,000 is the current annual rent income - reliable tenants, paying above average market price. THREE completely separate, detached residences. Total TWO buildings STAND ALONE & SEPARATELY metered for gas, electric and water, each has its own mailing address: 1001 and 1003 W Myrtle 9 spacious rooms, 4 Full Bath, 3 Full Kitchen & 5 car garage. Total 14 parking spots on this HUGE 10,000 lot. Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. ** In 2022 MAJOR REMODEL for both buildings was done, new windows, new floors everywhere & kitchen & bathroom cabinets You can ADD ** an ADU in the 3 car garage and build an addition to the front house in the 2 car garage. You will end up with FOUR completely detached, separate residences, bringing in an approx. $40,000 EXTRA annual rent from those TWO ADU alone. ** Seller has APPROVED PLANS from the city & Building PERMIT for ADU (see supplements) Will be TRANSFERRED at NO additional cost Reach CAP rate - Upto 8% CAP One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchenette) to the FRONT HOUSE. You can end up with 5 residences 12 rooms and 6 bathrooms IN 1986, BACK house SFR was build 7 rooms, 3 Full Bath, 2 Full kitchen, 3 car garage, split into 2 units from inside (one residence is Townhouse - has 2 levels - upstairs, downstairs - no common walls - with total 5 rooms, 3 spacious bedrs & loft w/2 open rooms, can be turned to 2 additional rooms. second residence 2 rooms, full bath. Original FRONT single family House, one level, 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. MAJOR freeways 22,5,57. DO NOT go direct, do not disturb tenants. Offers subject to interior inspection. All rooms, landscape are virtually staged. Must see in person to appreciate the flow and floor plan. Front House is the original that was build in 1936 some insights into neighborhood views from surveys : respondents say they would walk alone at night, and say streets are well-lit. Contractor info available ** PROPERTY VIDEO and rental cash flow are available
Location
State CA
County Orange
Area Oc - Santa Ana (92703)
Zoning Other
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Monthly Total Fees $79
Acceptable Financing Exchange
Space Rent $2,780
Listing Terms Exchange
Listed by Carmen Abram Tawfik • T.N.G. Real Estate Consultants
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Reyna Perea Lopez
Agent | License ID: 02118739