Santa Ana, CA 92703 1003 W Myrtle Street
$1,488,000



25 more

























Presented By: Carmen Abram Tawfik with T.N.G. Real Estate Consultants; 714-403-1797
Home Details
Strong Cash Flow • Detached Units • ADU Upside • High-Demand Rental Market
Investors, take notice. Opportunities offering this combination of immediate income, tenant STABILITY , and documented expansion potential are exceptionally rare in today's Orange County market • In 2022 MAJOR REMODEL was done • IN 1986, BACK house SFR was build 7 rooms, 3 Full Bath, 2 Full kitchen, 3 car garage
This unique multi-unit investment features TWO DETACHED BUILDINGS on one lot with separate addresses (1003 & 1001 W. Myrtle Street), creating a highly desirable cottage-style rental environment that tenants love. Unlike traditional apartment properties, all units enjoy ** privacy with NO SHARED WALLS, resulting in stronger tenant retention and consistent rental demand.
**Immediate Cash Flow From Day One**
Currently generating approximately $107,700 in annual gross income with established tenants already in place, providing immediate revenue and minimizing vacancy risk.
Separate LAUNDRY Room - Additional Cash Income
Owner only pays for Taxes and Insurance
Low maintenance property.
Desirable Unit Mix
Three residential units across two standalone structures:
• Two (2) 2-Bedroom / 1-Bath Units
• One (1) 3-Bedroom / 2-Bath Unit
Significant Value-Add Opportunity
What truly SEPARATES this property from competing investments is the seller's extensive ADU preparation work.
Existing garage structures present a documented pathway for future ADU conversion, allowing investors to potentially increase rental income and overall property value.
To simplify execution, the seller will provide a comprehensive due diligence package including:
• Stamped ADU/Garage Conversion Plans
• Permit Status and Supporting Documentation
• Site Plans and Property Layout
• Pro Forma Income Projections for Future ADUsPrime Central Location
Strategically positioned in the heart of Santa Ana with convenient access to major freeways, employment centers, shopping, dining, and schools. The property's central Orange County location continues to support strong tenant demand and long-term rental growth.
Seller is organized, motivated, and prepared. Complete due diligence package available upon request.
Agent is related to sellers.
** Don't miss this opportunity to acquire a cash-flowing asset with built-in upside in one of Orange County's most active rental markets.
Please see Supplements
Showing by appointments upon receiving a complete offer package.
Tenant Occupied, Please DRIVE by only.
Presented By: Carmen Abram Tawfik with T.N.G. Real Estate Consultants; 714-403-1797
Interior Features for 1003 W Myrtle Street
Other Interior Features
Air Conditioning Y/NNo
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Tile, Vinyl
Heating Y/NNo
Interior AmenitiesGraniteCounters, MultipleStaircases, OpenFloorplan, Pantry, QuartzCounters, Storage, BedroomOnMainLevel, Loft, MainLevelPrimary
Laundry FeaturesCommonArea, LaundryRoom
Total Stories2
Other Rooms
Entry Level
General for 1003 W Myrtle Street
AccessibilityParking
Additional Parcels Y/NNo
AppliancesElectricOven, ElectricRange, GasRange, GasWaterHeater, TanklessWaterHeater, WaterHeater
Building Area UnitsSquareFeet
CitySanta Ana
Community FeaturesCurbs, Sidewalks
ContingencyBuyer to cooperate with seller's 1031 Exchange at no cost to buyer
CoolingNone
CountyOrange
Current FinancingConventional
DirectionsCloser to Bristol, McFadden, Flower and 1st Streets.
DisclosuresRentControl
ElectricElectricityOnProperty
Electric Expense
Entry Locationstreet
Fuel Expense
Garage Spaces5
Garage Y/NYes
Gross Income107700
HOANo
HOA Fee$
HeatingNone
Insurance Expense1280
Land Lease Y/NNo
LevelsOne, Two
Listing TermsExchange1031
Lot Size Square Feet9583
Lot Size UnitsSquareFeet
MLS Area69 - Santa Ana South of First
Net Operating Income89420
New ConstructionNo
Number Of Units Total3
Number of Units Leased2
Open Parking Spaces9
Operating Expense18280
Pool FeaturesNone
PostalCitySANTA ANA
Property Attached Y/NNo
Property ConditionBuildingPermit, RepairsCosmetic, UpdatedRemodeled
Property Sub Type AdditionalSingleFamilyResidence
Property SubtypeSingleFamilyResidence
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameOther
Tax Annual Amount16500
Tax Lot11
Tenant PaysAllUtilities, Electricity, Gas, Insurance, Sewer, TrashCollection, Water
Total Actual Rent107700
Trash Expense0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense0
Year Built1986
Year Built SourceOther
ZoningR2
Exterior for 1003 W Myrtle Street
Building Area Total3054
FencingFairCondition
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.22
Lot Size Area9583
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Parking FeaturesDoorMulti, DirectAccess, DoorSingle, Garage, OnSite, Oversized, Public, OneSpace
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking14
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®

SQFT • 3,054