1001 W Myrtle Street, Santa Ana, CA 92703

GREAT INVESTMENT OPPORTUNITY. READY to add an ADU and build another addition to increase your income substantially (By approx.. $40,000 annually) OR Build & FLIP. MOTIVATED SELLER, identified replacement property.
MAJOR REMODEL in 2022 ** BACK house was BUILT in 1988.
Seller has approved plans from the city to add living space and a bath to the FRONT HOUSE. And to convert the 3 garages in the back HOUSE to a 2 bedroom ADU. So YOU CAN END UP with THREE units in the BACK HOUSE. Plans have been approved and a building permit has been issued. Over $27,000 in design & city fees have been paid, these will be part of the purchase price. The permit will be TRANSFERRED to the buyer AS-IS, any additional fees, changes, alterations, inspections or similar future issues related to the permit will be the responsibility of the buyer. ** TWO HOUSES sitting on one LARGE lot approx. 9,583 sq. ft. the property has a PRIVATE gate for more privacy and security. ** ALL Tenants are on month to month lease and paying MARKET Value rent ** BOTH HOUSES have NEW double-pane windows, NEW floors w/ baseboard , living rooms and bedrooms, NEW bathrooms, NEW tub, vanity & toilet
New kitchen cabinets, countertops, plumbing fixtures. NEW light fixtures. ** FRONT house is one level w/ 2 bedrooms and one FULL bath and a full kitchen with ATTACHED 2 car garage. ** BACK house is a 2 story house and has been divided into TWO SEPERATE units with SEPERATE stairs from inside, Legally it is one unit. For BACK HOUSE: The unit to the LEFT consists of 2 story, downstairs has a LARGE open floor plan with one bedroom, one FULL bathroom, spacious living area that open to the full kitchen which is completely remodeled w/cabinets, pull-out drawers and self-closing doors, quartz counter tops. NEW paint everywhere. Kitchen has a direct access to big patio thru large sliding door / UPSTAIRS has 2 bedrooms, one full bath, an OPEN area that can be an additional room or office and a BIG LOFT can be an additional room ** The unit to the RIGHT, is an upstairs unit with 2 bedrooms, one FULL bath, SPACIOUS entrance to living area & kitchen. NEW tankless water heater.
Very big LOT for additional parking. Front & Back unit are SEPERATELY metered for gas, electric and water.
CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57. DO NOT go direct, do not disturb tenants. Standard sale. Please submit offer subject to inspection and cross qualification.