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$1,668,000

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Price Dropped by $30K

1003 - 1001 W Myrtle ST Santa Ana, CA 92703

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Alex Tai

alex@cullinanluxury.com +1(650) 773-2321

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW24206655

Originating Board California Regional MLS

Year Built 1986

Lot Size 9,583 Sqft

Property Sub-Type Duplex

Property Description

TWO SINGLE FAMILY houses - with total THREE completely separate, detached residences. * The TWO houses are STAND ALONE & SEPARATELY metered for gas, electric and water, each has its 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) Reach CAP rate - Upto 8% CAP / $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. Currently 3 units - 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units - 12 rooms and 6 bathrooms IN 1986, BACK house SFR was build 7 rooms & 3 Full Bath, split into 2 units from inside. Original FRONT single family House, one level, 2 beds & 1 FULL Bath. Sitting on a LARGE Lot approx 9,583 sq.ft ** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bath

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 Garage, 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, Split Level

Foundation Concrete Perimeter

Water Hot Water, District - Public

Others

Tax ID 00824142

Special Listing Condition Not Applicable

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

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321