1003 W Myrtle Street
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
- ResidentialIncome - SingleFamilyResidence
- 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
Location & Neighborhood
Frequently Asked Questions About 1003 W Myrtle Street
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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