1003 - 1001 W Myrtle ST Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92703
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision ,Other
MLS Listing ID PW24206655
Year Built 1986
Annual Tax Amount $18,500
Lot Size 9,583 Sqft
Property Description
IN 1986, BACK house SFR (5 bedrs & 3 Full Bath) including 2 interior units was build. Original FRONT single family House (2 beds & 1 FULL Bath) 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 ONE ADU (2 bedroom Unit) and Build an addition to the FRONT HOUSE (pls check supplements) * Each house is SEPARATELY metered for gas, electric and water.
Currently there are 3 units (legally 2) * YOU CAN END UP with FOUR spacious units on This LARGE lot.
Seller has APPROVED PLANS from the city & Building PERMIT
* Now they are TWO HOUSES, 7 bedrooms, 4 FULL bathrooms & 5 car garage. You can have (5 extra rooms) by adding 3 more bedrooms & converting 2 rooms of the existing house.
* 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 bedrooms & 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 & NO one UNDER. NEW tankless water heater. ** OVERSIZED LOT for additional parking (can fit 6-9 extra cars) & a PRIVATE gate for more privacy and security
* 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.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning R2
Rooms
Ensuite Laundry Common Area,In Garage,Laundry Room
Interior
Laundry Location Common Area,In Garage,Laundry Room
Heating None
Cooling None
Flooring Laminate,Tile,Vinyl
Fireplaces Type None
Laundry Common Area,In Garage,Laundry Room
Exterior
Garage Door-Multi,Direct Access,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
Building
Lot Description 2-5 Units/Acre
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard