1003 W Myrtle Street, Santa Ana, CA 92703
Local realty services provided by:CENTURY 21 Adams & Barnes
1003 W Myrtle Street,Santa Ana, CA 92703
$1,488,000
- - Beds
- - Baths
- 3,054 sq. ft.
- Multi-family
- Active
Listed by: carmen abram tawfik
Office: t.n.g. real estate consultants714-987-3310
MLS#:PW26125402
Source:CRMLS
Price summary
- Price:$1,488,000
- Price per sq. ft.:$487.23
About this home
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....
Contact an agent
Home facts
- Year built:1986
- Listing ID #:PW26125402
- Added:9 day(s) ago
- Updated:June 19, 2026 at 04:36 AM
Rooms and interior
- Flooring:Laminate, Tile, Vinyl
- Kitchen Description:Electric Oven, Electric Range, Gas Range, Pantry
- Living area:3,054 sq. ft.
Structure and exterior
- Roof:Shingle
- Year built:1986
- Building area:3,054 sq. ft.
- Lot area:0.22 Acres
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,488,000
- Price per sq. ft.:$487.23
- Tax amount:$16,500
Features and amenities
- Appliances:Electric Oven, Electric Range
- Amenities:Carbon Monoxide (CO2) Detector, Gas Water Heater, Granite Counters, Loft room, Multiple Staircases, Open Floor Plan, Quartz Counters, Storage, Tankless Water Heater, Water Heater
Parking
- Total parking spaces:14
- Parking description:Direct Access, Door-Multi, Door-Single, Garage, On Site, One Space, Oversized, Public
- Garage:Yes
- Garage spaces:5
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