1001 W Myrtle ST Santa Ana, CA 92703
UPDATED:
03/01/2025 02:58 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,032 sqft
Price per Sqft $454
MLS Listing ID PW25031358
Bedrooms 2
Full Baths 1
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1931
Lot Size 9,583 Sqft
Property Sub-Type Single Family Residence
Property Description
* Each house is SEPARATELY metered for gas, electric and water.
Seller has APPROVED PLANS from the city & Building PERMIT, to Build an addition living space and a bath to the FRONT HOUSE, in the current 2 car garage.
The permit will be TRANSFERRED to the buyer at no additional cost (see supplements)
Single Family house in the front of this large lot with front and side yards, 3 rooms total, 2 spacious bedrooms, spacious family/dining room and one full bathroom and kitchen with attached 2 car garage.
** In 2022 MAJOR REMODEL was done, new windows, new floors everywhere & completely new kitchen granite countertops and self-closing cabinets and newer appliances. NEW bathroom vanities and tubs
Sitting on a LARGE Lot approx 9,583 sq.ft, provides plenty of additional parking – can fit upto 9 cars , besides the 2 car garage.
The property has a private gate for more privacy and security.
You can reach CAP rate about 8% and INCREASE your income substantially approx. $40,000 annually by adding another unit an ADU (2 bedroom Unit, 1 full bath) and Build an addition to the FRONT HOUSE.
Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers.
Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year.
Over $27,000 in design & city fees paid & included in the purchase price. Whether you're looking for a multi-family residence, an investment opportunity, or a place to call home while renting out the other units, this income generating duplex offers endless possibilities. virtually staged.
* CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57.
South of First st – close to Flower, Bishop & Bristol st.
One of the strongest rental markets in Southern California. The City of Santa Ana is a historic city with a vibrant downtown located in Orange County.
Plenty of activities, Bowel museum, Discovery science center, Shopping Malls, outlet mall with cinema & indoor skate park.
Please 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 report– please request it.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Main Level Bedrooms 2
Interior
Interior Features Granite Counters, Open Floorplan, All Bedrooms Down
Cooling None
Flooring Laminate, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Range, Microwave, Water Heater
Laundry Laundry Room, Outside
Exterior
Parking Features Door-Multi, Driveway Level, Garage, On Site, Public, Private, One Space, On Street
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N No
View None
Roof Type Shingle
Porch None
Attached Garage Yes
Total Parking Spaces 11
Private Pool No
Building
Lot Description 2-5 Units/Acre
Dwelling Type House
Story 1
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Schools
School District Santa Ana Unified
Others
Senior Community No
Tax ID 00824142
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard, Trust
