1003-1001 West Myrtle Street

Description
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...TWO separate houses, sitting on a BIG Lot. You can reach CAP rate 8% and INCREASE your income substantially approx. $40,000 annually by adding ONE ADU 2 bedroom Unit, 1 full bath and Build an addition to the FRONT HOUSE. All PLANS &PERMITS already obtained and will be passed down at no additional cost (pleases check supplements)
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 & bathroom cabinets Each house is SEPARATELY metered for gas, electric and water
Seller has APPROVED PLANS from the city & Building PERMIT, over $27,000 in design & city fees paid & included in the purchase price. The permit will be TRANSFERRED to the buyer. Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. Great investment. SELLERS will consider all offers. CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57. DO NOT go direct, do not disturb tenants. Offers subject to interior inspection. Must see in person to appreciate the flow and floor plan. PROPERTY VIDEO available, rental cash flow – please request it. Referrals for contractors that can get ADU started immediately will be provided too.
Property Details for 1003-1001 West Myrtle Street
Property Details for 1003-1001 West Myrtle Street
Status | Active |
---|---|
MLS # | PW24206655 |
Days on Market | 103 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1986 |
Lot Size | 0.22 AC / 9,583 SF |
County | Orange County |
Building Information for 1003-1001 West Myrtle Street
Property Information for 1003-1001 West Myrtle Street
- Tenant Pays: All Utilities, Electricity, Sewer, Trash Collection, Water
- Gross Income: $106,560
- Gross Scheduled Income: $106,560
- Gross Operating Income: $106,560
- Net Operating Income: $86,279
- Current Financing: Conventional
- Operating Expense: $20,281
- Insurance Expense: $1,281
- Other Expense: $500
- Other Expense Description: misc
- Trash Expense: $0
- Total Expenses: $20,281
- Tax Annual Amount: $18,500
- Tax Block: B
- Tax Tract Number: 150
- Tax Census Tract: 749.01
- Tax Lot: 11
- Accessibility Features: Parking
- Disability Access: Other Main Level Modifications
- Assessments YN: Yes
- Assessments: Buyer to Verify
- Community Features: Curbs, Sidewalks
- Appliances: Gas & Electric Range, Gas Range, Gas Water Heater, Tankless Water Heater, Water Heater
- Equipment: Garage, Laundry Area, Room
- Interior Features: 2 Staircases, Open Floorplan, Quartz Counters, Storage
- Room Type: Kitchen, Living Room, Main Floor Bedroom, Primary Bathroom
- Bedroom Features: Main Floor Bedroom
- Water Heater Features: Gas, Tankless
- Laundry: Yes
- Laundry Features: Common Area, In Garage, Individual Room
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: None
- Heating Type: None
- Heating: None
- Flooring: Laminate, Tile, Vinyl
- Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
- Roof: Shingle
- Entry Location: street
- Fence: Yes
- Fencing: Fair Condition
- Foundation Details: Concrete Perimeter
- Property Condition: Building Permit, Fixer, Repairs Cosmetic, Repairs Major, Turnkey, Updated/Remodeled
- View Description: None
- Pool Features: None
- Pool Description: None
- Spa Features: None
- Lot Features: 2-5 Units/Acre
- Number Of Units: 2
- Land Lease: No
- Land Lease Type: Fee
- Road Frontage Type: City Street
- Levels: One, Two, Multi/Split
- Water: Public
- Sewer: Public Sewer
- Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Electric: Electricity - On Property
- Water Source: Public
- Garage Spaces: 5
- Parking: Yes
- Parking Garage: Direct Entrance, Garage, Garage - 2 Car, Garage - 3 Car, Oversized, Parking Space, Public
- Uncovered Spaces: 9
- Open Other Spaces Total: 9
- Parking Garage Spaces: 5
- Carport Spaces: 0
- Parking Features: Direct Garage Access, Garage, Garage - Three Door, Garage - Two Door, On Site, Oversized, Parking Space, Public
- Builders Tract Name: Other
- Builders Tract Code: Other (OTHR)
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,780
- Unit Type Total Rent: $33,360
- Unit Type Pro Forma: 33960
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 5
- Unit Type Baths Total: 3
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 3
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $6,100
- Unit Type Total Rent: $73,200
- Unit Type Pro Forma: 74400
- Unit Type Type: 2
- Number Of Units Leased: 2
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 2
- Number Of Separate Gas Meters: 2
- Number Of Separate Water Meters: 2
- Number With Range: 3
- Number With Refrigerator: 0
- Number With Patio: 1
Property History for 1003-1001 West Myrtle Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1003-1001 West Myrtle Street
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lowell Elementary School PublicK to 5 | ||
Willard Intermediate School Public6 to 8 | ||
Santa Ana High School Public9 to 12 | ||
Nova Academy Early College High Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of T.N.G. Real Estate Consultants, Carmen Abram Tawfik, DRE #01983282
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.