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About the Listing PB18025 - PWTAWFCAR
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.
Listing Highlights for 1001 W Myrtle
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances: Electric Cooktop, Electric Oven, Electric Range, Gas Range, Tankless Water Heater, Water Heater
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Laminate,Tile,Vinyl
- Basement:
- Other: Granite Counters,Multiple Staircases,Open Floorplan,Quartz Counters,Bedroom on Main Level,Loft,Main Level Primary
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,No Land Lease
- Garage Capacity: 5 car
- Parking Spaces: 14
- Zoning: R2
- Roof:
- Others: Building Permit,Updated/Remodeled,Turnkey,2+ Total Units,Has ADU
- Sewer: Public Sewer
- Parking Features: Door-Multi,Door-Single,Garage,On Site,Oversized,Private,On Street
Financial Details
- Tax Amount: $12,906
- Taxes w/Assessments: N/A
- Tax/Property ID: 00824142
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Listing Location
Questions About..
1001 W Myrtle Santa Ana, CA 92703
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