CA > Santa Ana
Santa Ana, CA 92703,1003 W Myrtle ST
See all 61 photos
Santa Ana, CA 92703,1003 W Myrtle ST
Santa Ana, CA 92703,1003 W Myrtle ST
Santa Ana, CA 92703,1003 W Myrtle ST
Santa Ana, CA 92703,1003 W Myrtle ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
1
Jul
Wed
2
Jul
Thu
3
Jul
Mia Ellison

Mia Ellison

+1(310) 600-6948
$ 1,590,000
Est. payment /mo
Save
Active

1003 W Myrtle ST Santa Ana, CA 92703

9,583 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25125649

Construction Status Building Permit,Repairs Cosmetic,Updated/Remodeled

HOA Y/N No

Year Built 1986

Annual Tax Amount $18,500

Lot Size 9,583 Sqft

Property Sub-Type Single Family Residence

Property Description

Creative purchase options available** such as lease options, seller carry any other creative terms welcome! Turnkey Investment ** STRONG 5% Cap Rate, Enjoy solid returns $107,000+ annual income from day one based on current rents, with room for upside through rent increases. ** Reliable tenant already in place, paying over market rent over the past 4 years! 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. Nine (9) spacious rooms, 4 Full Bath, 3 Full Kitchen & 5 car garage. Total 14 parking spots on this HUGE 10,000 lot ** 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 IN 1986, BACK house SFR was build split into 2 residences from inside. Original FRONT single family residence, 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 built 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 upon request.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Zoning R2

Interior

Interior Features Granite Counters, Multiple Staircases, Open Floorplan, Quartz Counters, Storage, Bedroom on Main Level, Loft, Main Level Primary

Heating None

Cooling None

Flooring Laminate, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Electric Range, Gas Range, Gas Water Heater, Tankless Water Heater, Water Heater

Laundry Common Area, Laundry Room

Exterior

Parking Features Door-Multi, Direct Access, Door-Single, 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

Accessibility Parking

Total Parking Spaces 14

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction No

Construction Status Building Permit,Repairs Cosmetic,Updated/Remodeled

Others

Senior Community No

Tax ID 00824142

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard, Trust

CRMLS – RECore
Listed by Carmen Abram Tawfik T.N.G. Real Estate Consultants 714-403-1797
agent

Mia Ellison

Broker Associate | SB01271824

+1(310) 600-6948

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Estate Properties, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

1003 W Myrtle ST

QUICK SEARCH