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HAS TO BE sold together with 1001 W myrtle – MLS no. * Each house is SEPARATELY metered for gas, electric and water.Seller has APPROVED PLANS from the city & Building PERMIT, to add an ADU. Permit will be TRANSFERRED at no additional cost (see supplements) Over $27,000 in design & city fees paid & included in the purchase price. Whether you're looking for a multi-family residence, an investment opportunity, or a place to call home while renting out the other units, this income generating duplex offers endless possibilities. Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. You can reach CAP rate about 8% and INCREASE your income substantially approx. $40,000 annually by adding another unit an ADU (2 bedroom Unit, 1 full bath) and Build an addition to the FRONT HOUSE.Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year. This multifamily house is split on the inside to 2 units, you can live in one unit and rent the other unit.Unit A – is 2 story unit with 7 rooms total, 3 spacious bedrs, 2 open rooms in the loft, can be turned to a room and an office, 2 full bath, 3 car garage. One bedroom with full bathroom is downstairs.Unit B - an upstairs unit - 3 rooms total, 2 spacious bedrs, spacious family/dining room, one full bathroom & kitchen. ** In 2022 MAJOR REMODEL was done, new windows, new floors everywhere & completely new kitchen granite countertops and self-closing cabinets and newer appliances. NEW bathroom vanities and tubsSitting on a LARGE Lot approx 9,583 sq.ft, provides plenty of additional parking – can fit upto 9 cars , besides the 3 car garage. The property has a private gate for more privacy and security. * CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57. South of First st – close to Flower, Bishop & Bristol st.One of the strongest rental markets in Southern California. The City of Santa Ana is a historic city with a vibrant downtown located in Orange County. Plenty of activities, Bowel museum, Discovery science center, Shopping Malls, outlet mall with cinema & indoor skate park. Must see in person to appreciate the flow and floor plan. virtually staged. Please DO NOT go direct, do not disturb tenants. Offers subject to interior inspection. PROPERTY VIDEO available & rental cash flow report– please request it.
Property Type(s):
Multi Family
| Last Updated | 2/28/2025 | Tract | other |
|---|---|---|---|
| Year Built | 1986 | Community | Santa Ana South of First |
| Garage Spaces | 3.0 | County | Orange |
SCHOOLS
| School District | Santa Ana Unified |
|---|
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Electric Oven, Electric Range, Gas Oven, Gas Range, Microwave, Tankless Water Heater, Water Heater |
| AREA | Santa Ana South of First |
| GARAGE | Door-Multi, Door-Single, Driveway, Garage, Garage Faces Front, Off Street, On Site, One Space, Paved, Yes |
| HEAT | None |
| HOA DUES | 0 |
| INTERIOR | Bedroom on Main Level, Breakfast Bar, High Ceilings, Loft, Multiple Staircases, Open Floorplan, Pantry, Quartz Counters, Storage |
| LOT | 9580 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre, Landscaped, Street Level |
| PARKING | Door-Multi,Door-Single,Driveway,Garage Faces Front,Garage,On Site,Off Street,Paved,One Space |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | other |
| UTILITIES | Electricity Available,Natural Gas Available,Sewer Available, Electric: Electricity - On Property |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | R2 |
Location
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Listed with T.N.G. Real Estate Consultants
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