John E Burge

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1003 W Myrtle StreetSanta Ana, CA 92703

Multi-Family · 3,054 Sq. ft. | 0.22 Acres
$1,488,000 Active

1003 W Myrtle Street Overview

Time on Site:
20 days
Visits:
0

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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1003 W Myrtle Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,054
  • Price/Sq.ft. $487
  • Lot 0.22 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

Income/Expenses

  • Other Expense: 500.0
  • Gross Income: 107700.0
  • Gross Scheduled Income: 107700.0
  • Insurance Expense: 1280.0
  • Net Operating Income: 89420.0
  • Operating Expense: 18280.0

Listing Information

  • Contingency: Buyer to cooperate with seller's 1031 Exchange at no cost to buyer

Building Information

  • New Construction: No
  • Year Built: 1986

Location/Region

  • Country: US
  • County Or Parish: Orange
  • MLS Area Major: 69 - Santa Ana South of First
  • Postal City: SANTA ANA
  • Subdivision Name: Other

Community/Development

  • Community Features: Curbs,Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: All Utilities,Electricity,Gas,Insurance,Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 16500.0

General Information

  • Disclosures: Rent Control
  • Listing Terms: 1031 Exchange
  • Parcel Number: 00824142
  • Property Condition: Building Permit,Repairs Cosmetic,Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard,Trust
  • Zoning: R2

Interior

Parking Information

  • Garage Spaces: 5.0
  • Garage: Yes

Building Interior

  • Building Area Total: 3054.0
  • Building Area Units: Square Feet

General Information

  • Accessibility Features: Parking
  • Appliances: Electric Oven,Electric Range,Gas Range,Gas Water Heater,Tankless Water Heater,Water Heater
  • Common Walls: No Common Walls
  • Electric: Electricity - On Property
  • Entry Level: 0
  • Entry Location: street
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate,Tile,Vinyl
  • Interior Features: Granite Counters,Multiple Staircases,Open Floorplan,Pantry,Quartz Counters,Storage,Bedroom on Main Level,Loft,Main Level Primary
  • Laundry Features: Common Area,Laundry Room
  • Levels: One,Two
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
  • Spa Features: None
  • Spa: No
  • Stories: 1
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking Spaces: 9.0
  • Parking Features: Door-Multi,Direct Access,Door-Single,Garage,On Site,Oversized,Public,One Space
  • Parking Total: 14.0

Lot Information

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Acres: 0.22
  • Lot Size Area: 9583.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 9583.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Property Attached: No
    • Roof: Shingle

    General Information

    • Fencing: Fair Condition
    • Number Of Units Leased: 2
    • Number Of Units Total: 3
    • Pool Features: None
    • Pool Private: No
    • Road Frontage Type: City Street
    • Sewer: Public Sewer
    • Utilities: Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

    1003 W Myrtle Street Neighborhood

    Community

    92703 (Santa Ana) Demographics

    33
    Median Age
    16,082
    Population Density (per sq. mile)
    15%
    College Educated
    $65,687
    Estimated Median Income
    6,677
    Estimated Total Home Owners
    7,031
    Estimated Total Renters
    49% / 51%
    Estimated Owner / Renter Divide
    5
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    1003 W Myrtle Street Monthly Cost

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    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    1003 W Myrtle Street Market Data

    Based on the last 30 days in this zip code

    $781,325
    Average List Price
    $590
    Average Price per Square Foot
    7
    Properties Sold
    107
    Average Days on Market
    89
    Properties for Sale
    Calculations provided by Reliance Network

    1003 W Myrtle Street History

    Date Event Value Agent
    6/9/2026Source: CRMLS Added to Database
    June 09, 2026
    Listing provided courtesy of T.N.G. Real Estate ConsultantsCarmen Abram Tawfik- MLS# PW26125402MLS ProviderContact Information: 714-987-3310
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