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
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
6/20/2025
|
|
TRACT
|
Other
|
YEAR BUILT
|
1986
|
|
COMMUNITY
|
69 - Santa Ana South of First
|
GARAGE SPACES
|
5.0
|
|
COUNTY
|
Orange
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| APPLIANCES |
Electric Range, Gas Range, Gas Water Heater, Tankless Water Heater, Water Heater |
| AREA |
69 - Santa Ana South of First |
| GARAGE |
Yes |
| HEAT |
None |
| INTERIOR |
Granite Counters, Master Downstairs, Open Floorplan, Storage |
| LOT |
9583 sq ft |
| PARKING |
Direct Access, Garage, On Site, Oversized, On Street |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
One, Two |
| SUBDIVISION |
Other |
| TAXES |
18500 |
| UTILITIES |
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
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Salem to contact you even if your name is on a Federal or State
"Do not call List".
Listed with T.N.G. Real Estate Consultants
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/20/25 8:25 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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