1003 W Myrtle Street, Santa Ana, CA — listing photo 1
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FOR SALE

1003 W Myrtle Street

Santa Ana, CA 92703
9,583 Lot Sq Ft
Built 1986
$1,488,000

Property Overview

STANDOUT FEATURES: • Detached Units • ADU Upside • High-Demand Rental Market • Strong existing income • Orange County location • Low maintenance INVESTORS: EXCLISIVE Opportunities offering this combination of immediate income, tenant STABILITY , and documented expansion potential are exceptionally rare in today's Orange County market • Approved Permits and Plans on Hand as NO Additional Cost for Investors • In 2022 MAJOR REMODEL was done • IN 1986, BACK house SFR was build 7 rooms, 3 Full Bath, 2 Full kitchen, 3 car garage Unique multi-unit: TWO DETACHED BUILDINGS on one lot with separate addresses (1003 & 1001 W. Myrtle Street), creating a highly desirable cottage-style rental environment that tenants love. Unlike traditional apartment properties, all units enjoy ** privacy with NO SHARED WALLS, resulting in STRONGER Tenant retention and consistent rental demand. **Immediate Cash Flow From Day One** Currently generating approximately $107,700 in annual gross income with established tenants already in place, providing immediate revenue and minimizing vacancy risk. Separate LAUNDRY Room - Additional Cash Income Owner only pays for Taxes and Insurance Three residential units across two STANDALONE structures: • Two (2) 2-Bedroom / 1-Bath Units • One (1) 3-Bedroom / 2-Bath Unit Significant Value-Add Opportunity What truly SEPARATES this property from competing investments is the seller's extensive ADU preparation work. Existing garage structures present a documented pathway for future ADU conversion, allowing investors to potentially increase rental income and overall property value. Seller will provide a comprehensive package including: • Stamped ADU/Garage Conversion Plans • Permit Status and Supporting Documentation • Site Plans and Property Layout • Pro Forma Income Projections for Future ADUs • Prime Central Location Strategically positioned in the heart of Santa Ana with convenient access to major freeways, employment centers, shopping, dining, and schools. Strong tenant demand and long-term rental growth area. Seller is organized, motivated, and prepared. Complete due diligence package available upon request. Agent is related to sellers. ** Don't miss this opportunity a cash-flowing asset with built-in upside in one of Orange County's most active rental. Virtualy staged and AI Showing by appointments upon receiving a complete offer package. Tenant Occupied, Please DRIVE by only. PLEASE see Supplements with all permits.

Home Details

Property type
Residential Income - Single Family Residence
Year built
1986
Lot size
9,583 sq ft
Parking
14 spaces
Garage
5 spaces
Stories
2
Days on market
31
Cumulative days on market
54
MLS status
Active
Zoning
R2

Features & Amenities

Interior

  • Granite Counters
  • Multiple Staircases
  • Open Floorplan
  • Pantry
  • Quartz Counters
  • Storage
  • Bedroom On Main Level
  • Loft
  • Main Level Primary

Appliances

  • Electric Oven
  • Electric Range
  • Gas Range
  • Gas Water Heater
  • Tankless Water Heater
  • Water Heater

Parking

  • Door Multi
  • Direct Access
  • Door Single
  • Garage
  • On Site
  • Oversized
  • Public
  • One Space

Pool

  • None

Lot

  • Two To Five Units Acre

Security

  • Carbon Monoxide Detectors
  • Smoke Detectors

Community, Schools & Utilities

Community

Subdivision
Other
View
None
Annual property tax
$16,500

Utilities

Heating
None
Cooling
None
Electric
ElectricityOnProperty
Water
Public
Sewer
PublicSewer
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Location & Neighborhood

1003 W Myrtle Street

Santa Ana, CA 92703

Frequently Asked Questions About 1003 W Myrtle Street

Property type: Residential Income

The current asking price is $1,488,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1003 W Myrtle Street. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1986. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Santa Ana, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Santa Ana property.
The MLS currently reports the property as Active. It has been listed for 31 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Reza Barghlameno

eXp of California

Listing Agent

Name: Carmen Abram Tawfik
MLS ID: PWTAWFCAR

Available property

$1,488,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.