1001 W Myrtle Street new Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92703
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,032 sqft
Price per Sqft $454
MLS Listing ID CRPW25031358
Bedrooms 2
Full Baths 1
Year Built 1931
Lot Size 9,583 Sqft
Property Sub-Type Detached
Property Description
HAS TO BE sold together with 1003 W myrtle – MLS # PW25044739 * Each house is STAND ALONE & SEPARATELY metered for gas, electric and water. Add an extra unit - ADU - Seller has APPROVED PLANS from the city & Building PERMIT, to add an ADU, for additional income. Permit will be TRANSFERRED at NO additional cost (see supplements) Upto 8% CAP rate & INCREASE your income substantially approx. $40,000 annually by adding another ADU unit (2 bedrs, 1 full bath) & build an addition to the FRONT HOUSE. Currently leased for $2,780, to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. Total RENT $8,880/month (from ALL 3 units), can be increased by another $3,450/month with the ADU. Currently $106,500 annual income, from ALL 3 units. Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year. Single Family house in the front of this large lot with front and side yards, total 3 rooms, 2 spacious bedrooms, spacious family/dining room and one full bathroom and kitchen with attached 2 car garage. ** In 2022 MAJOR REMODEL done, new windows, new floors everywhere & completely new kitchen granite countertops w/self-closing & newer appliances. NEW bathroom vanities & tubs. LARGE Lot approx 9,583 sq
Location
State CA
County Orange
Interior
Cooling None
Flooring Laminate,Tile,Vinyl
Fireplaces Type None
Laundry Laundry Room,Other
Exterior
Garage Spaces 2.0
Pool None
View None
Building
Story 1
Foundation Raised
Water Public
Schools
School District Santa Ana Unified