1003 W Myrtle ST Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92703
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25125649
Year Built 1986
Lot Size 9,583 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
CREATIVE FINANCING options available. LEASE OPTION. SELLER FINANCE, Seller may carry existing loan. Any other creative terms welcome! Turnkey Investment ** STRONG 5% Cap Rate, Enjoy solid returns $107,000+ annual income from day one based on current rents, with room for upside through rent increases. ** Reliable tenant already in place, paying over market rent over the past 3 years! THREE Completely separate, detached residences. Total TWO buildings STAND ALONE, completely DETACHED. SEPARATELY metered for gas, electric and water. Each has its own mailing address: 1001 and 1003 W Myrtle. Nine (9) spacious rooms, 4 Full Bath, 3 Full Kitchen & 5 car garage. Total 14 parking spots on this HUGE 10,000 lot ** In 2022 MAJOR REMODEL for ALL buildings was done, NEW windows, NEW floors everywhere, NEW 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 ADDITIONAL rent approx. $40,000 annually only from ** ADU** 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. IN 1986, BACK house SFR was build split into
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Kitchen Other,Oven Range - Gas
Interior
Heating No Heating
Cooling None
Flooring Laminate
Laundry In Laundry Room,Laundry Area
Exterior
Parking Features Attached Garage,Garage,Common Parking Area,Parking Area,Common Parking - Public,Room for Oversized Vehicle
Garage Spaces 14.0
Pool 31,None
View None
Roof Type Shingle
Building
Story One Story
Water Hot Water,District - Public
Others
Tax ID 00824142
Special Listing Condition Not Applicable