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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.
Property Type(s):
Residential Income
| Last Updated | 10/6/2026 | Tract | Other |
|---|---|---|---|
| Year Built | 1987 | Community | 69 - Santa Ana South of First |
| Garage Spaces | 5.0 | County | Orange |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Electric Cooktop, Electric Oven, Electric Range, Gas Range, Tankless Water Heater, Water Heater |
| AREA | 69 - Santa Ana South of First |
| GARAGE | Yes |
| HEAT | None |
| INTERIOR | Granite Counters, Master Downstairs, Open Floorplan |
| LOT | 9583 sq ft |
| LOT DIMENSIONS | 9583 |
| PARKING | Garage, On Site, Oversized, Private, On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | One, Two |
| SUBDIVISION | Other |
| TAXES | 12906 |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with T.N.G. Real Estate Consultants
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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