1003 W Myrtle Street - 1001 Santa Ana, CA 92703

Features

• Price/sqft: $558
• Total Units: 2
• Total Rooms: 11
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Kitchen, Living Room

Facts

• Year Built: 01/01/1986
• Property ID: 949063002
• MLS Number: PW24206655
• Property Type: Multi-family (2-4 units)
• County: ORANGE
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. IN 1986, BACK house SFR (5 bedrs & 3 Full B) with 2 interior units was build. Original FRONT single family House (2 beds & 1 Full B) build 1931, sitting on a LARGE Lot approx. 9,583 sq.ft ** In 2022 MAJOR REMODEL for both houses was done. You can reach CAP rate 8% and INCREASE your income substantially approx.$40,000 annually, BY ADDING an ADU & build on an addition to FRONT house. Currently you have 7 bedrooms, 5 car garage. You can have (5 extra rooms) by adding 3 more bedrooms & converting 2 rooms** Each house is SEPARATELY metered for gas, electric and water ** Building PERMIT has been issued. Seller has approved PLANS from the city to ADD living space and a bath to the FRONT HOUSE. And to convert the 3 garages in the back HOUSE to a 2 bedroom ADU ** YOU CAN END UP with FOUR spacious units on This LARGE lot * Currently we have TWO HOUSES with a PRIVATE gate for more privacy and security * BOTH HOUSES have NEW Paint, double-pane windows, floors w/ baseboard everywhere & light fixtures. NEW tub, vanity & toilet. NEW kitchen cabinets, countertops, plumbing fixtures ** FRONT house is one level w/ 2 bedrs & one FULL bath, full kitchen & 2 ATTACHED car garage ** BACK house is a 2 story house with 3 car garage, inside there are TWO SEPARATE units with SEPARATE stairs ** Unit ONE (can be 5 bedrooms) consists of TWO story, 2 detached garage ** DOWNSTAIRS has a LARGE open floor plan with one bedroom, one FULL bath, spacious living area that opens to the full kitchen, completely remodeled w/cabinets, pull-outs & self-closing w/quartz counters. Kitchen has a sliding window that opens to a big patio ** UPSTAIRS has 2 bedrs, one FULL Bath, an OPEN area that can be an additional (one room) or office and a BIG LOFT that can be an additional (one room) **Unit TWO, is an upstairs unit w/ 2 bedrs, one FULL bath, SPACIOUS entrance to living area & kitchen & 1 detached car garage. NEW tankless water heater. ** OVERSIZED LOT for additional parking (can fit 6-9 extra cars) 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. GREAT INVESTMENT. MOTIVATED SELLERS. Over $27,000 in design & city fees paid & included in the purchase price. The permit will be TRANSFERRED to the buyer AS-IS ** ALL Tenants are on month to month lease and paying Excellent rent - MARKET Value. Must see in person to see the flow and floor plan. PROPERTY VIDEO available.