1003 W Myrtle Street new Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92703
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
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
Lot Size 9,578 Sqft
Property Sub-Type Single Family Residence
Property Description
Ideal for Multi-Generational Living – Comfort, Privacy & Convenience in One Property . Welcome to a rare opportunity in a SAFE neighborhood. This perfectly designed property offers multiple private living spaces and for every generation ** Live in one house and rent the other TWO residences. Rent will pay for your mortgage.
Total 3 completely separate, detached residences** Current INCOME $106,500 annually, reliable tenants *Increase it by $40,000 annually with ADU *Even with only a 3% rent increase, your rent is above market average with all the upgrades. Also located in highly desired, safe, high dense rental area / Each house features its own entrance, kitchen, full baths. Located in a family-friendly, quiet neighborhood, minutes from schools, parks, shopping and transit. Key Features: Separate entrances for max privacy / BIG LOT for kids play area ** SEPARATELY metered for gas, electric and water, mailing address:1001-1003 *BUILD an ADU and an addition for the front house, you will end up with FOUR spacious, private residences ** STOP bt my OPEN HOUSE - Seller has APPROVED PLANS from the city & Building PERMIT. Will be TRANSFERRED at NO additional cost (see supplements). Reach Upto 8% CAP rate: One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchen) to the FRONT HOUSE ** In 2022 MAJOR REMODEL done. BIG house at the back is split on the inside to 2 large residences: Unit A – feels like Single Family (no common walls), 2 story, upstairs - downstairs with total 5 rooms, 3 spacious bedrs, 2 full bath & loft w/2 open rooms, turn them to 2 rooms , 3 car garage * One bed, full bath is DOWNSTAIRS. Unit B is upstairs 3 rooms, 2 spacious bedrs and family room, full bath & kitchen. Front house is a SINGLE STORY - 2 bedrs, one FULL bath & kitchen, spacious family room, 2 garage. Built 1936. Over $200,000 in Upgrades, new double-pane windows, floors & completely new kitchen cabinets w/granite counters. NEW bath vanities & tubs. HUGE lot for extra parking, upto 9 cars (can be extra income) Gate for privacy. Over $27,000 in design & city fees paid & included in the purchase price. The City of Santa Ana is a historic city w/ vibrant downtown located in OC *CENTRALLY located, close to MAJOR fwy 22,5,57. Discovery science, Outlet mall. MUST SEE to appreciate the flow & floor plan. Furniture & landscape virtual staged. Pls DO NOT go direct & disturb tenants. Offers subject to interior inspection. Pls request PROPERTY VIDEO & rental cash flow.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning R2
Interior
Heating None
Cooling None
Flooring Laminate,Tile,Vinyl
Fireplaces Type None
Laundry Laundry Room
Exterior
Parking Features Door-Multi,Door-Single,Driveway,Garage Faces Front,Garage,On Site,Off Street,Paved,One Space
Garage Spaces 5.0
Garage Description 5.0
Fence Block,Good Condition,Privacy
Pool None
Community Features Curbs,Street Lights,Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Shingle
Building
Lot Description 2-5 Units/Acre,Landscaped,Street Level
Dwelling Type House
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Santa Ana Unified
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange
Special Listing Condition Standard,Trust