1003-1001 West Myrtle Street

Santa Ana, CA 92703

$1,698,000
Price
7
Beds
4
Baths
3,043 Sq. Ft.
$558 / Sq. Ft.
3,043
Sq. Ft.
$558
per Sq. Ft.

Description

IN 1986, BACK house SFR (5 bedrs & 3 Full Bath) including 2 interior units was build. Original FRONT single family House (2 beds & 1 FULL Bath) build 1931, sitting on a LARGE Lot approx 9,583 sq.ft In 2022 MAJOR REMODEL for both houses was done. You can reach CAP rate 8% and INCREASE your income substantially approx $40,000 annually by adding ONE ADU (2 bedroom Unit) and Build an addition to the FRONT HOUSE (pls check supplements) Each house is SEPARATELY metered for gas, electric and water. Currently...IN 1986, BACK house SFR (5 bedrs & 3 Full Bath) including 2 interior units was build. Original FRONT single family House (2 beds & 1 FULL Bath) build 1931, sitting on a LARGE Lot approx 9,583 sq.ft In 2022 MAJOR REMODEL for both houses was done. You can reach CAP rate 8% and INCREASE your income substantially approx $40,000 annually by adding ONE ADU (2 bedroom Unit) and Build an addition to the FRONT HOUSE (pls check supplements) Each house is SEPARATELY metered for gas, electric and water. Currently there are 3 units (legally 2) YOU CAN END UP with FOUR spacious units on This LARGE lot. Seller has APPROVED PLANS from the city & Building PERMIT Now they are TWO HOUSES, 7 bedrooms, 4 FULL bathrooms & 5 car garage. You can have (5 extra rooms) by adding 3 more bedrooms & converting 2 rooms of the existing house. BOTH HOUSES have NEW Paint, double-pane windows, floors w/ baseboard everywhere & light fixtures. NEW tub, vanity & toilet. NEW kitchen cabinets, countertops, plumbing fixtures FRONT house is one level w/ 2 bedrooms & one FULL bath, full kitchen & 2 ATTACHED car garage BACK house is a 2 story house with 3 car garage, inside there are TWO SEPARATE units with SEPARATE stairs Unit ONE (can be 5 bedrooms) consists of TWO story, 2 detached garage DOWNSTAIRS has a LARGE open floor plan with one bedroom, one FULL bath, spacious living area that opens to the full kitchen, completely remodeled w/cabinets, pull-outs & self-closing w/quartz counters. Kitchen has a sliding window that opens to a big patio UPSTAIRS has 2 bedrs, one FULL Bath, an OPEN area that can be an additional (one room) or office and a BIG LOFT that can be an additional (one room) Unit TWO, is an upstairs unit w/ 2 bedrs, one FULL bath, SPACIOUS entrance to living area & kitchen & 1 detached car garage & NO one UNDER. NEW tankless water heater. OVERSIZED LOT for additional parking (can fit 6-9 extra cars) & a PRIVATE gate for more privacy and security 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. Great investment. Motivated sellers. Over $27,000 in design & city fees paid & included in the purchase price. The permit will be TRANSFERRED to the buyer AS-IS ALL Tenants are on month to month lease and paying Excellent rent - MARKET Value. Must see in person to see the flow and floor plan. PROPERTY VIDEO available.
  1. Listed by Carmen Abram Tawfik • DRE #01983282 • Brokerage DRE #01886242 • T.N.G. Real Estate Consultants

Property Details for 1003-1001 West Myrtle Street

View
None
Parking Spaces Total
14
Private Pool
No
Cooling Type
None
Total Units
2.0
Building Type
Detached
Lot Size Source
Appraiser
Living Area
3043
LISTING UPDATED: 12/05/2024 09:32 PM

Property Details for 1003-1001 West Myrtle Street

StatusActive
MLS #PW24206655
Days on Market63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size0.22 AC / 9,583 SF
CountyOrange County

Building Information for 1003-1001 West Myrtle Street

Stories2Residences-Year Built1986Building Size-Lot Size0.22 AC / 9,583 SF

Property Information for 1003-1001 West Myrtle Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Electricity, Sewer, Trash Collection, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $106,560
  • Gross Scheduled Income: $106,560
  • Gross Operating Income: $106,560
  • Net Operating Income: $86,279
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $20,281
  • Insurance Expense: $1,281
  • Other Expense: $500
  • Other Expense Description: misc
  • Trash Expense: $0
  • Total Expenses: $20,281
Tax / Assessment Info
  • Tax Annual Amount: $18,500
  • Tax Block: B
  • Tax Tract Number: 150
  • Tax Census Tract: 749.01
  • Tax Lot: 11
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • 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
Exterior Features
  • 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
Land/Lot Info
  • 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
Parking Info
  • 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
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • 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 2
  • 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
Unit Information
  • 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

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1003-1001 West Myrtle Street

This home is within Santa Ana Unified School District.
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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1003-1001 West Myrtle Street is a multi-family home for sale in Santa Ana, CA 92703. This property was listed for sale on October 4, 2024 by T.N.G. Real Estate Consultants, it's currently listed at $1,698,000. This listing's school district is Santa Ana Unified School District. Nearby schools include Lowell Elementary School, Willard Intermediate School and Santa Ana High School. 1003-1001 West Myrtle Street is a 7-bed, 4-bath, 3,043 sqft multi-family home built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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.