1003 - 1001 W Myrtle St

TWO SINGLE FAMILY houses - with total THREE completely sperate, detached residences.
* The TWO houses are STAND ALONE & SEPARATELY metered for gas, electric and water, each has own mailing address.
Add - ADU - to the big building and build an addition for the front house, you will end up with FIVE residences.
** Seller has APPROVED PLANS from the city & Building PERMIT.
Will be TRANSFERRED at NO additional cost (see supplements)
Upto 8% CAP rate & approx. $40,000 annual rent increase with those TWO additions:
One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchen) to the FRONT HOUSE.
Current INCOME $106,500 annually, from ALL 3 residences. $8,880/month - reliable tenants.
Increased by another $3,450/month with ADU.
Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year.
This multi-family BIG house at the back of the lot is split on the inside to 2 units, you can live in one unit and rent the other.
Unit A – feels like Single Family (no common walls), it is 2 story, upstairs - downstairs with total 5 rooms, 3 spacious bedrs & loft w/2 open rooms, can be turned to 2 rooms & 2 full bath, 3 car garage (detached) ** One bedroom and full bathroom is DOWNSTAIRS.
Unit B – is an upstairs unit - total 3 rooms, 2 spacious bedrs, spacious family/dining room, one full bath & kitchen.
Front house is a SINGLE STORY - 2 bedrs, one FULL bath & kitchen, spacious family/dining room, 2 attached garage.
** In 2022 MAJOR REMODEL done, new double-pane windows, new floors everywhere & completely new kitchen cabinets w/granite countertops. NEW bathroom vanities & tubs
LARGE Lot approx 9,583 sq.ft, additional parking, upto 9 cars (can be 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 or an investment opportunity, this income generating property has it all.
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. Pls DO NOT go direct & disturb tenants. Offers subject to interior inspection.
Pls request PROPERTY VIDEO & rental cash flow.