1003 W Myrtle Street, Santa Ana, CA 92703

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$1,590,000

Est. payment - /mo

7 Beds

4 Baths

3,263 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,263 sqft

Price per Sqft $487

MLS Listing ID PW25115762

Bedrooms 7

Full Baths 4

Year Built 1986

Property Sub-Type Detached

Property Description

BACK ON THE MARKET at no fault to seller - Buyer unable to close escrow on their other 1031 replacement sales. CREATIVE FINANCING options available. SELLER FINANCE, Seller may carry existing loan. Creative terms welcome! Ideal for Multi-Generational Living Comfort, Privacy in a SAFE neighborhood. This perfectly designed property offers multiple private living spaces ** Live in one house, rent the other TWO residences. Rent will pay for your mortgage. 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 NEW ADU ** Reliable tenant already in place, paying over market rent, 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 & 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. IN 1986, BACK house SFR was build split

Location

State CA

County Orange

Zoning R2

Direction Close to Bristol, McFadden, Flower and First Streets

Interior

Interior Features 2 Staircases, Pantry

Flooring Laminate, Linoleum/Vinyl, Tile

Fireplace No

Appliance Microwave, Electric Oven, Electric Range, Gas & Electric Range, Gas Oven, Gas Range

Exterior

Parking Features Garage, Garage - Single Door, Garage - Two Door

Garage Spaces 5.0

Fence Good Condition, Privacy

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

Roof Type Shingle

Accessibility Parking

Porch Slab, Patio

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Tax ID 00824142

Special Listing Condition Standard

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Listed by Carmen Abram Tawfik T.N.G. Real Estate Consultants

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1003 W Myrtle Street Santa Ana, CA 92703