1003 W Myrtle Street Santa Ana, CA 92703
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
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
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1986
Lot Size 9,578 Sqft
Property Sub-Type Single Family Residence
Property Description
Make a move into a home of your own and check if Home Loan Grant is an option! Use funds toward your down payment, save on closing costs or buy down your rate for a more affordable monthly payment. The best part — grant funds NEVER need to be paid back.
Delivered VACANT is negotiable, for buyer to move in.
Ideal for Multi-Generational Living – Comfort, Privacy in a SAFE neighborhood.
Live in one house, rent the other TWO residences.
Rent will pay for your mortgage.
Seller has APPROVED PLANS from the city & Building PERMIT for ADU (see supplements) Will be TRANSFERRED at NO additional cost.
See Parcels description in supplements.
Turnkey Investment - SOLID Income ** STRONG 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, ADDITIONAL rent approx. $40,000 annually only from ** ADU**
** Reliable tenants already in place, paying average market rent over the past 3 years!
TWO buildings STAND ALONE, SEPARATELY metered for gas, electric, water and different mailing addresses. sold together
With THREE Completely separate, DETACHED residences on the interior.
** Currently, Nine (9) spacious rooms, SEVEN (7) bedrooms, 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.
IN 1986, BACK house SFR was build split into 2 residences from inside.
Big backyard and side yard separated for more privacy.
Original FRONT single family residence is one SINGLE story, has 2 beds & 1 FULL Bath, front, side and backyard.
One of the strongest rental markets in So Cal.
The City of Santa Ana is a historic city w/ vibrant downtown located in OC. Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year.
CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57.
Please DO NOT go direct, do not disturb tenants. Offers subject to interior inspection.
All rooms, landscape are virtually staged.
MUST SEE in person to appreciate the flow and floor plan.
Front House is the original that was built in 1936 and MAJOR remodeling was done in 2022.
** PROPERTY VIDEO and rental cash flow available upon request.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning R2
Rooms
Main Level Bedrooms 1
Interior
Interior Features Breakfast Bar, Eat-in Kitchen, High Ceilings, Multiple Staircases, Open Floorplan, Pantry, Quartz Counters, Storage, Bedroom on Main Level, Loft, Main Level Primary
Heating None
Cooling None
Flooring Laminate, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Oven, Electric Range, Gas Oven, Gas Range, Gas Water Heater, Microwave, Tankless Water Heater, Water Heater
Laundry Laundry Room
Exterior
Parking Features Door-Multi, Door-Single, Driveway, Garage Faces Front, Garage, On Site, Off Street, Paved, One Space
Garage Spaces 5.0
Garage Description 5.0
Fence Block, Good Condition, Privacy
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Shingle
Accessibility Parking
Porch Concrete, Patio
Total Parking Spaces 14
Private Pool No
Building
Lot Description 2-5 Units/Acre, Landscaped, Street Level
Dwelling Type House
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Schools
School District Santa Ana Unified
Others
Senior Community No
Tax ID 00824142
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard, Trust
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