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1003 Myrtle Street, 
Santa Ana, CA 92703

$1,590,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Carmen Abram Tawfik

T.N.G. Real Estate Consultants

Last updated:

July 12, 2025, 10:07 PM

MLS#

PW25125649

Source:

CAREIL

About This Home

1003 Myrtle Street

CREATIVE FINANCING options available. LEASE OPTION. SELLER FINANCE, Seller may carry existing loan. Any other creative terms welcome! Turnkey Investment ** STRONG 5% Cap Rate, Enjoy solid returns $107,000+ annual income from day one based on current rents, with room for upside through rent increases. ** Reliable tenant already in place, paying over market rent over the past 3 years! THREE Completely separate, detached residences. Total TWO buildings STAND ALONE, completely DETACHED. SEPARATELY metered for gas, electric and water. Each has its own mailing address: 1001 and 1003 W Myrtle. Nine (9) spacious rooms, 4 Full Bath, 3 Full Kitchen & 5 car garage. Total 14 parking spots on this HUGE 10,000 lot ** In 2022 MAJOR REMODEL for ALL buildings was done, NEW windows, NEW floors everywhere, NEW kitchen & bathroom cabinets. You can ADD ** an ADU in the 3-car garage and build an addition to the front house in the 2-car garage. You will end up with FOUR completely detached, separate residences, bringing in ADDITIONAL rent approx. $40,000 annually only from ** ADU** Seller has APPROVED PLANS from the city & Building PERMIT for ADU (see supplements) Will be TRANSFERRED at NO additional cost. Reach CAP rate - Upto 8% CAP. IN 1986, BACK house SFR was build split into

Home Facts

Multi-Family

Built in 1986

Price Summary

1,590,000

MLS #:

PW25125649

Last Updated:

July 12, 2025, 10:07 PM

Added:

1 month(s) ago


Structure

Structure

Year Built:

1986


Lot

Lot Size (Sq. Ft):

9,583


Finances & Disclosures

Finances

Price:

$1,590,000

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