1003 - 1001 W Myrtle ST Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92703
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
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
Interior
Heating None
Cooling None
Flooring Laminate,Tile,Vinyl
Fireplaces Type None
Laundry Common Area,In Garage,Laundry Room
Exterior
Parking Features 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