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Tina Lucarelli

[email protected] +1(310) 738-8089

Listed by Carmen Abram Tawfik • T.N.G. Real Estate Consultants

$ 1,698,000

Est. payment -/mo

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Active

1003 West Myrtle Street Santa Ana, CA 92703

3,043 SqFt

UPDATED:

01/23/2025 01:45 AM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,043 sqft

Price per Sqft $558

MLS Listing ID PW-24206655

Year Built 1986

Lot Size 9,583 Sqft

Property Description

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.

Location

State CA

County Orange

Zoning R2

Interior

Interior Features 2 Staircases, Open Floorplan, Storage

Heating None

Cooling None

Flooring Laminate, Tile, Vinyl

Fireplaces Type None

Laundry Common Area, In Garage, Individual Room

Exterior

Parking Features Garage, Garage - Three Door, Garage - Two Door, On Site, Oversized, Parking Space, Public, Direct Garage Access

Garage Spaces 5.0

Pool None

Community Features Curbs, Sidewalks

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

Tina Lucarelli

Advisor | License ID: 02102354

+1(310) 738-8089

Tina Lucarelli

1003 West Myrtle Street Santa Ana, CA 92703

Key Details

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Interior

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Building

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1003 West Myrtle Street