Property Details
About this Property
BACK ON THE MARKET at no fault to seller - Buyer unable to close escrow on their other 1031 replacement sales. 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. Reach CAP rate - Upto 8% CAP with the NEW ADU ** Reliable tenant already in place, paying over market rent over the past 3 years! THREE SEPERATE, 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
MLS Listing Information
MLS #
CRPW25125649
MLS Source
California Regional MLS
Days on Site
62
Interior Features
Appliances
Other, Oven Range - Gas
Flooring
Laminate
Cooling
None
Heating
No Heating
Exterior Features
Roof
Shingle
Pool
None
Parking, School, and Other Information
Garage/Parking
Attached Garage, Common Parking - Public, Common Parking Area, Garage, Parking Area, Room for Oversized Vehicle, Garage: 5 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1003 W Myrtle St is a Triplex in Santa Ana, CA 92703. This – square foot property sits on a 9,583 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,590,000 and was built in 1986. This address can also be written as 1003 W Myrtle St, Santa Ana, CA 92703.
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This listing information is up-to-date as of August 20, 2025. For the most current information, please contact Carmen Abram Tawfik
