1003 W Myrtle Street - 1001, Santa Ana, CA 92703

$1,668,000

bedrooms

bathrooms

square feet

3,263

Acreage

0.2199265381083563

Open Houses

year built

1986

Full Baths

Half Baths

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HAS TO BE sold together with 1001 W myrtle- MLS # PW25031358 * Each house is STAND ALONE & SEPARATELY metered for gas, electric and water. Add an extra unit - ADU - Seller has APPROVED PLANS from the city & Building PERMIT, to add an ADU, for additional income. Permit will be TRANSFERRED at NO additional cost (see supplements) Upto 8% CAP rate & INCREASE your income substantially approx. $40,000 annually by adding another ADU unit (2 bedrs, 1 full bath) & build an addition to the FRONT HOUSE. Currently leased for $6,100, to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. Total RENT $8,880/month (from ALL 3 units), can be increased by another $3,450/month with the ADU. Currently $106,500 annual income, from ALL 3 units. Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year. This multi-family house is split on the inside to 2 units, you can live in one unit and rent the other. Unit A – feels like Single Family attached, it is 2 story, upstairs - downstairs with total 7 rooms, 3 spacious bedrs & loft with 2 open rooms, can be turned to a room & an office & 2 full bath, 3 car garage (detached) ** One bedroom with full bathroom is DOWNSTAIRS. Unit B – is an upstairs unit - total 3 rooms, 2 spacious bedrs, spacious family/dining room, one full bath & kitchen. ** In 2022 MAJOR REMODEL done, new windows, new floors everywhere & completely new kitchen granite countertops w/self-closing & newer appliances. NEW bathroom vanities & tubs LARGE Lot approx 9,583 sq.ft, provides plenty of additional parking, upto 9 cars (can bring additional rent income) Gate for privacy. Over $27,000 in design & city fees paid & included in the purchase price. Whether you're looking for a multiple families residence, an investment opportunity, or a place to call home while renting out the other units, this income generating duplex offers endless possibilities. One of the strongest rental markets in So Cal. The City of Santa Ana is a historic city w/ vibrant downtown located in OC. South of First st, close to Flower, Bishop & Bristol st. * CENTRALLY located, close to MAJOR fwy 22,5,57. Plenty of activities, Bowel museum, Discovery science, Outlet mall w/ indoor skate. Must see to appreciate the flow & floor plan. Virtually staged. Please DO NOT go direct & disturb tenants. Offers subject to interior inspection. Pls request PROPERTY VIDEO & rental cash flow.

Location
Subdivision	Other (OTHR)
County	Orange
Elementary School	-
Middle School	-
High School	-

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MLS number: PW25044739

Listing agent: Carmen Abram Tawfik #01983282

Listing broker: Tng Real Estate Consultants (714) 203-8555

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, April 23 2025 at 7:17 p.m. EDT

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