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Listed by Carmen Abram Tawfik • T.N.G. Real Estate Consultants
$1,590,000
Est. payment /mo
9,583 Sqft Lot
UPDATED:
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 back OPTION. SELLER FINANCE, Seller may carry existing loan. Any other creative terms welcome! This price includes the SFR - 1001 W Myrtle, same parcel, sold together. THREE detached residences. Total TWO buildings STAND ALONE, completely DETACHED. Nine (9) spacious rooms,7 bedrooms, 4 Full Bath, 3 Full Kitchen & 5 car garage. Total 14 parking spots on this HUGE 10,000 lot 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. Reach CAP rate - Upto 8% CAP with the NEW ADU ** Reliable tenant already in place, paying over market rent for the past 3 years! THREE 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. ** 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**
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
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Sharad Gupta
Broker | License ID: 02213637
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