1001 W Myrtle, Santa Ana, CA 92703
1001 W Myrtle, Santa Ana, CA 92703
1001 W Myrtle, Santa Ana, CA 92703
39
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$1,468,088
Est. payment /mo
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7 Beds
4 Baths
9,583 Sqft Lot
New

1001 W Myrtle Santa Ana, CA 92703

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Patty Doyle

Patty Doyle

+1(619) 886-0321

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26209173

Bedrooms 7

Lot Size 9,583 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

TWO DETACHED BUILDINGS (1001 & 1003 W. MYRTLE SOLD TOGETHER) THREE RENTAL UNITS ONE LARGE LOT A versatile investment opportunity STRONG Existing Rental Income Stable Tenants HIGH VALUE Unusually strong income for its unit count, currently over $92,600 in Net Operating Income (NOI), over 6% CAP Rate, with over $107,700 in annual gross income, plus potential additional laundry and garage income Strong in-place rental income, even within a rent-regulated area LARGER BUILDING One of the MOST COMPETITIVELY PRICED small multifamily properties by $/SF ONE OF THE LARGER LOTS among comparable properties approximately 9,583 SF, PROVIDING substantially more land 5 garages / plus additional parking spaces on the LOT Documented ADU / VALUE-ADD potential Stamped plans available for review AMPLE LAND + Multiple avenues for FUTURE value creation RARE DETACHED MULTIFAMILY CONFIGURATION No shared walls, No one ABOVE OR BELOW, providing PRIVACY Stong tenant appeal & Rental demand Separate utility meters LIVE IN ONE RENT THE OTHERS OR INVEST FOR CASH FLOW COMPLETELY REMODELED IN 2022 New EVERTHING: Double pane windows, flooring, kitchen cabinets, countertops, bathroom vanities and tubs 10 ROOMS 4 FULL BATHS 3 FULL KITCHENS Existing garage structures provide a documented pathway for potential future ADU conversion Please see Supplements for permits, plans and supporting documentation. Prime Central Location Strategically positioned CLOSE to Tustin and Orange borders, with convenient access to major freeways, employment centers, shopping, dining, and schools Virt

Location

State CA

County Orange

Zoning Assessor

Direction Closer to Bristol, McFadden, Flower and 1st Streets.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 00824142

Acceptable Financing Exchange

Listing Terms Exchange

MLS Router / San Diego MLS
Listed by Carmen Abram Tawfik, DRE#01983282 T.N.G. Real Estate Consultants 

NEARBY SCHOOL & BUSINESS

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Patty Doyle

Patty Doyle

Agent License ID: 01507441

+1(619) 886-0321

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1001 W Myrtle

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