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$ 1,468,088
Est. payment | /mo
7 Beds
4 Baths
9,583 Sqft Lot
$ 1,468,088
Est. payment | /mo
7 Beds
4 Baths
9,583 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26209173
Bedrooms 7
Lot Size 9,583 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
TWO DETACHED BUILDINGS (1001 & 1003 W. MYRTLE SOLD TOGETHER) THREE RENTAL UNITS ONE LARGE LOT A versatile investment opportunity STRONG Existing Rental Income Stable Tenants HIGH VALUE Unusually strong income for its unit count, currently over $92,600 in Net Operating Income (NOI), over 6% CAP Rate, with over $107,700 in annual gross income, plus potential additional laundry and garage income LARGER BUILDING One of the MOST COMPETITIVELY PRICED small multifamily properties by $/SF ONE OF THE LARGER LOTS among comparable properties approximately 9,583 SF, PROVIDING substantially more land 5 garages / plus additional parking spaces on the LOT Documented ADU / VALUE-ADD potential Stamped plans available for review AMPLE LAND + Multiple avenues for FUTURE value creation RARE DETACHED MULTIFAMILY CONFIGURATION No shared walls, No one ABOVE OR BELOW, providing PRIVACY Stong tenant appeal & Rental demand Separate utility meters LIVE IN ONE RENT THE OTHERS OR INVEST FOR CASH FLOW COMPLETELY REMODELED IN 2022 New EVERTHING: Double pane windows, flooring, kitchen cabinets, countertops, bathroom vanities and tubs 10 ROOMS 4 FULL BATHS 3 FULL KITCHENS Existing garage structures provide a documented pathway for potential future ADU conversion Please see Supplements for permits, plans and supporting documentation. Prime Central Location Strategically positioned CLOSE to Tustin and Orange borders, with convenient access to major freeways, employment centers, shopping, dining, and schools Virtually staged / AI - generated images SHOWING: Tenant Occupied DRI
Location
State CA
County Orange
Zoning Assessor
Direction Closer to Bristol, McFadden, Flower and 1st Streets.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 00824142
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Carmen Abram Tawfik, DRE#01983282 T.N.G. Real Estate Consultants
NEARBY SCHOOL & BUSINESS
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