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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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1003 - 1001 W Myrtle Street Santa Ana, CA 92703
$1,668,000 0 beds, 0 baths
0 sqft
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Photo of Jimmy Harmantzis

Jimmy Harmantzis REALTOR® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com
Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
Phone: 949-768-1000
Fax: 949-587-0915
Mission Viejo 23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
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Fax: 949-587-0915
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CASH FLOW $107,000 current annual rent income - reliable tenants. TWO SINGLE FAMILY houses - with total THREE completely separate, detached residences. * The TWO houses are STAND ALONE & SEPARATELY metered for gas, electric and water, each has its own mailing address. Add - TWO ADUs , you will end up with FIVE residences. ** Seller has APPROVED PLANS from the city & Building PERMIT for ADU. Will be TRANSFERRED at NO additional cost (see supplements) Reach CAP rate - Upto 8% CAP / and additional $40,000 annual rent increase with those TWO additions: One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchen) to the FRONT HOUSE. Increase in RENT by another $3,450/month with ADU. Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year. Currently 3 units – 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units – 12 rooms and 6 bathrooms ** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bathroom cabinets IN 1986, BACK house SFR was build 7 rooms & 3 Full Bath, split into 2 units from inside. Original FRONT single family House, one level, 2 beds & 1 FULL Bath. Sitting on a LARGE Lot approx 9,583 sq.ft Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. GREAT INVESTMENT. SELLERS will consider all offers. * CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57. DO NOT go direct, do not disturb tenants. Offers subject to interior inspection. Must see in person to appreciate the flow and floor plan. PROPERTY VIDEO and rental cash flow are available - please request it. Referrals for contractors that can get ADU started immediately will be provided too.

Listing Details

Property type: Duplex (Multi-Family)
Status: Active
MLS# PW24206655
List price is $1,668,000 Reduced by $30,000 on 2/22/2025
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1986
1 story
0.22 acres
Lot size: 0.2200
Subdivision: Other
County: Orange
Zoning: R2
Interior features: Multiple Staircases,Open Floorplan,Quartz Counters,Storage,Bedroom on Main Level
Appliances: Electric Range,Gas Range,Gas Water Heater,Tankless Water Heater,Water Heater
Parking description: Door-Multi,Direct Access,Garage,On Site,Oversized,Public,One Space
Lot description: TwoToFiveUnitsAcre
Heating/cooling: None
Heating description: None
MLS area: 69 - Santa Ana South of First

Last Updated: 5/1/2025

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This listing belongs to the 69 - Santa Ana South of First MLS area

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Lat/Long: 33.742002, -117.878735.
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Listing Agent: Carmen Abram Tawfik
Lic#: 01234982
Office Name: Mission Viejo

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Jimmy Harmantzis

Jimmy Harmantzis REALTOR® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com

Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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