Listing provided courtesy of Carmen Abram Tawfik of T.N.G. Real Estate Consultants. Last updated . Listing information © 2025 Sandicor.
Asking Price: $1,590,000 | Active
1003 Myrtle Street, Santa Ana CA 92703
Community:
This Residential property was built in 1986 and is priced at $1,590,000. Please see the additional details below.
BACK ON THE MARKET at no fault to seller - Buyer unable to close escrow on their other 1031 replacement sales. CREATIVE FINANCING options available. SELLER FINANCE, Seller may carry existing loan. Creative terms welcome! Ideal for Multi-Generational Living Comfort, Privacy in a SAFE neighborhood. This perfectly designed property offers multiple private living spaces ** Live in one house, rent the other TWO residences. Rent will pay for your mortgage. 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 NEW ADU ** Reliable tenant already in place, paying over market rent, 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 & 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. IN 1986, BACK house SFR was build split