Active

1003 W Myrtle Street

Santa Ana, CA 92703
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt3,054

Sqft

SqFt9,583

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,488,000

AD Id : 81922146

MLS Id : PW26125402

Lot Size : 9,583 Sqft

Living Area Size : 3,054

Year Built : 1986

Garage : 5

County : Orange

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Shingle Interior Features: Granite Counters,Multiple Staircases,Open Floorplan,Pantry,Quartz Counters,Storage,Bedroom on Main Level,Loft,Main Level Primary Property Appliances: Electric Oven,Electric Range,Gas Range,Gas Water Heater,Tankless Water Heater,Water Heater Fireplace: None Flooring: Laminate,Tile,Vinyl
  • Cooling Features

    None Air Conditioning

    Heating Source

    None Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1986 Building Area Total: 3,054 Roof: Shingle
  • Security Features

    Carbon Monoxide Detector(s),Smoke Detector(s)
  • Accessibility Features

    Parking

    Pool Features

    None

    Laundry Features

    Common Area,Laundry Room

    Fencing

    Fair Condition

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.22
  • Lot Size Source: Assessor Lot Size Square Feet: 9583

  • Listing Price Information

    Original List Price: 1,488,000 Listing Contract Date: 2026-06-09
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 00824142 Annual Tax: 16500

  • Garage and Parking

    Garage Description: Door-Multi,Direct Access,Door-Single,Garage,On Site,Oversized,Public,One Space

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: All Utilities,Electricity,Gas,Insurance,Sewer,Trash Collection,Water

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 69 - Santa Ana South of First Postal Code Plus 4: 3911 Directions: Closer to Bristol, McFadden, Flower and 1st Streets. Zoning: R2 Source Property Type: Residential Income Area: 69 - Santa Ana South of First Property SubType: Single Family Residence
  • Building and Construction

    Property Age: 40 Common Walls: No Common Walls Property Condition: Building Permit,Repairs Cosmetic,Updated/Remodeled Structure Type: Single Family Residence Year Built Source: Other Entry Location: street Levels or Stories: One,Two Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
408 S Flower Street, Santa Ana, CA, 92703 $999,999 -- -- 1,722 1,722 SqFt
408 S Flower Street, Santa Ana, CA, 92703 $999,999 4 3 1,722 1,722 SqFt
1411 W 7th Street, Santa Ana, CA, 92703 $1,375,000 6 4 1,981 1,981 SqFt
1213 W Brook, Santa Ana, CA, 92703 $4,300,000 -- -- 12,357 12,357 SqFt
1221 W Brook, Santa Ana, CA, 92703 $2,900,000 -- -- 8,950 8,950 SqFt
1227 W Brook, Santa Ana, CA, 92703 $2,900,000 -- -- 8,861 8,861 SqFt
1239 Brook Street W, Santa Ana, CA, 92703 $2,400,000 -- -- 7,770 7,770 SqFt
1665 Highland Street, Santa Ana, CA, 92703 $830,000 3 2 1,136 1,136 SqFt
1714 W 12th, Santa Ana, CA, 92703 $575,000 2 1 768 768 SqFt
1727 W Santa Ana Boulev.., Santa Ana, CA, 92703 $780,000 2 2 960 960 SqFt

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ByOwner last updated this listing 06/23/2026 @ 10:43

MLS: PW26125402 LISTED BY: Carmen Abram Tawfik, T.N.G. Real Estate Consultants 714-987-3310 SOURCE: CRMLS

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