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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.ft, provides plenty of additional parking, upto 9 cars (can bring additional rent income)Gate for privacy.Whether you're looking for a multiple families residence, an investment opportunity, or a place to call home while renting out the other units, this income generating duplex offers endless possibilities. One of the strongest rental markets in So Cal. The City of Santa Ana is a historic city w/ vibrant downtown located in OC.South of First st, close to Flower, Bishop & Bristol st.* CENTRALLY located, close to MAJOR fwy 22,5,57. Plenty of activities, Bowel museum, Discovery science, Outlet mall w/ indoor skateOver $27,000 in design & city fees paid & included in the purchase price. Must see to appreciate the flow & floor plan. Virtually staged. Please DO NOT go direct & disturb tenants. Offers subject to interior inspection. Pls request PROPERTY VIDEO & rental cash flow.
Property Type(s):
Single Family
| Last Updated | 3/1/2025 | Tract | other |
|---|---|---|---|
| Year Built | 1931 | Community | Santa Ana South of First |
| Garage Spaces | 2.0 | County | Orange |
SCHOOLS
| School District | Santa Ana Unified |
|---|
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Oven, Gas Range, Microwave, Water Heater |
| AREA | Santa Ana South of First |
| GARAGE | Door-Multi, Driveway Level, Garage, On Site, On Street, One Space, Private, Public, Yes |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down, Granite Counters, Open Floorplan |
| LOT | 9583 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| PARKING | Door-Multi,Driveway Level,Garage,On Site,Public,Private,One Space,On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | other |
| UTILITIES | Electricity Available,Natural Gas Available,Sewer Available,Water Available, Electric: Electricity - On Property |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with T.N.G. Real Estate Consultants
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