1003 W Myrtle Street Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92703
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,263 sqft
Price per Sqft $487
MLS Listing ID PW25115762
Bedrooms 7
Full Baths 4
Year Built 1986
Property Sub-Type Detached
Property Description
BACK ON THE MARKET at no fault to seller - Buyer unable to close escrow on their other 1031 replacement sales. CREATIVE FINANCING options available. SELLER FINANCE, Seller may carry existing loan. Creative terms welcome! Ideal for Multi-Generational Living Comfort, Privacy in a SAFE neighborhood. This perfectly designed property offers multiple private living spaces ** Live in one house, rent the other TWO residences. Rent will pay for your mortgage. 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. Reach CAP rate - Upto 8% CAP with NEW ADU ** Reliable tenant already in place, paying over market rent, the past 3 years! THREE Completely separate, DETACHED residences. Total TWO buildings STAND ALONE, completely DETACHED. SEPARATELY metered for gas, electric and water. Each has its own mailing address: 1001 & 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 ALL buildings was done, NEW windows, NEW floors everywhere, NEW 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 ADDITIONAL rent approx. $40,000 annually only from ** ADU** Seller has APPROVED PLANS from the city & Building PERMIT for ADU (see supplements) Will be TRANSFERRED at NO additional cost. IN 1986, BACK house SFR was build split
Location
State CA
County Orange
Zoning R2
Direction Close to Bristol, McFadden, Flower and First Streets
Interior
Interior Features 2 Staircases,Pantry
Flooring Laminate,Linoleum/Vinyl,Tile
Fireplace No
Appliance Microwave,Electric Oven,Electric Range,Gas & Electric Range,Gas Oven,Gas Range
Exterior
Parking Features Garage,Garage - Single Door,Garage - Two Door
Garage Spaces 5.0
Fence Good Condition,Privacy
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N Yes
Water Access Desc Public
Roof Type Shingle
Accessibility Parking
Porch Slab,Patio
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 00824142
Special Listing Condition Standard