Description
TWO DETACHED BUILDINGS (1001 & 1003 W. MYRTLE - SOLD TOGETHER) THREE RENTAL UNITS ONE LARGE LOT A versatile investment opportunity STRONG Existing Rental Income - Stable Tenants HIGH VALUE - Unusually strong income for its unit count, currently over $92,600 in Net Operating Income (NOI), over 6% CAP Rate, with over $107,700 in annual gross income, plus potential additional laundry and garage income Strong in-place rental income, even within a rent-regulated area LARGER BUILDING - One of the MOST COMPETITIVELY PRICED small multifamily properties by $/SF ONE OF THE LARGER LOTS among comparable properties - approximately 9,583 SF, PROVIDING substantially more land 5 garages / plus additional parking spaces on the LOT Documented ADU / VALUE-ADD potential - Stamped plans available for review AMPLE LAND + Multiple avenues for FUTURE value creation RARE DETACHED MULTIFAMILY CONFIGURATION - No shared walls, No one ABOVE OR BELOW, providing PRIVACY Stong tenant appeal & Rental demand Separate utility meters LIVE IN ONE RENT THE OTHERS OR INVEST FOR CASH FLOW COMPLETELY REMODELED IN 2022 - New EVERTHING: Double pane windows, flooring, kitchen cabinets, countertops, bathroom vanities and tubs 10 ROOMS 4 FULL BATHS 3 FULL KITCHENS Existing garage structures provide a documented pathway for potential future ADU conversion Please see Supplements for permits, plans and supporting documentation. Prime Central Location Strategically positioned CLOSE to Tustin and Orange borders, with convenient access to major freeways, employment centers, shopping, dining, and schools Virtually staged / AI - generated images SHOWING: Tenant Occupied - DRIVE-BY ONLY. Showings by appointment upon receipt of a complete offer package.
Details
| MLS # | PW26209173 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1987 |
| Days On Site | 20 |
| Listing Provided By | T.N.G. Real Estate Consultants | Carmen Abram Tawfik |
Features
| SQ Feet | 3,726 |
|---|---|
| Garage | 5 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 2 |
| Zoning | R2 |
| Acreage | 0.22 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
| Interior Features | Granite Counters, Multiple Staircases, Open Floorplan, Quartz Counters, Bedroom On Main Level, Loft, Main Level Primary |
| Window Features | Double Pane Windows |
| Appliances | Electric Cooktop, Electric Oven, Electric Range, Gas Range, Tankless Water Heater, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
|---|---|
| Lot Features | Two To Five Units Acre |
| Fencing | Block |
Parking
| Parking Features | Door Multi, Door Single, Garage, On Site, Oversized, Private, On Street |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Electricity On Property |
| Sewer | Public Sewer |
Location
| Community Features | Sidewalks |
|---|
Taxes
| Property | 12906 |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92703 |
| Area | 69 Santa Ana South of First |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $1,468,088 low | high Med: $800,000 sqft: 3,726 low | high Med: 1,381 $ / sqft: $394 low | high Med: $579 On site: 20 low | high Med: 91 | |
Market Activity 92703
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92703 |
| Area | 69 Santa Ana South of First |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $1,468,088 low | high Med: $800,000 sqft: 3,726 low | high Med: 1,381 $ / sqft: $394 low | high Med: $579 On site: 20 low | high Med: 91 | |
 | $1,829,000415 W PineSanta Ana, CA 92701 |