1003 W Myrtle Street Santa Ana, CA $ 1,488,000
1003 W Myrtle Street
$ 1,488,000
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1003 W Myrtle Street

Santa Ana, CA, 92703
$ 1,488,000
Baths1.0 Sq 3,054

Monthly Estimate*

$ 9,162

Listed by T.N.G. Real Estate Consultants
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Studio

Multi-Family Home for sale in Santa Ana, CA

for $1,488,000 with 1 full bath. This 3,054 square foot home was built in 1986 on a lot size of 0.22.

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. 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. Showing by appointments upon receiving complete offer package. Tenant Occupied, Please DRIVE by only.

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Multi-Family Active

Price

$ 1,488,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 16,500

Style

Lot Size

0.22

Year Built

1986

Town/City

Santa Ana

County/Region

Orange

MLS | Web ID

PW26125402

Days on Market

6

Features
General
Sewer Public Sewer
Heating None
Cooling None
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Roof Shingle
Appliances Electric Oven Electric Range Gas Range Gas Water Heater Tankless Water Heater Water Heater
Zoning R2
HOA Fee 0
Garage Spaces 5
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Year Built 1986
Electric Electricity - On Property
Tenant Pays All Utilities Electricity Gas Insurance Sewer Trash Collection Water
View None
Stories Count 1
Levels One Two
Property Subtype Single Family Residence
Gross Income 107700
Community Features Curbs Sidewalks
Accessibility Parking
County Orange
Net Operating Income 89420
Operating Expense 18280
Insurance Expense 1280
New Construction false
Property Type Residential Income
HOA false
Contingency Buyer to cooperate with seller's 1031 Exchange at no cost to buyer
Subdivision Name Other
Garage Y/N true
Special Listing Conditions Standard Trust
Status Active
Directions Closer to Bristol McFadden Flower and 1st Streets.
City Santa Ana
Disclosures Rent Control
Entry Location street
Senior Community Y/N false
Open Parking Spaces 9
Number Of Units Total 3
MLS Area 69 - Santa Ana South of First
Lot Size Units Square Feet
Lot Size Square Feet 9583
Number of Units Leased 2
Listing Terms 1031 Exchange
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 16500
Electric Expense 0
Current Financing Conventional
Fuel Expense 0
Property Condition Building Permit Repairs Cosmetic Updated/Remodeled
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Other
Tax Lot 11
Total Actual Rent 107700
Property Sub Type Additional Single Family Residence
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Interior
Interior Amenities Granite Counters Multiple Staircases Open Floorplan Pantry Quartz Counters Storage Bedroom on Main Level Loft Main Level Primary
Flooring Laminate Tile Vinyl
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N false
Fireplace Y/N false
Laundry Features Common Area Laundry Room
Entry Level 0
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Exterior
Fencing Fair Condition
Parking Features Door-Multi Direct Access Door-Single Garage On Site Oversized Public One Space
Lot Features 2-5 Units/Acre
Water Source Public
Total Parking 14
Lot Size Area 9583
Number of Buildings 2
Spa false
Building Area Total 3054
Lot Size Acres 0.22
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Road Frontage Type City Street
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* Excluded Features
List By
T.N.G. Real Estate Consultants

Broker

carmenrealestate01@gmail.com

Email

Affordability Calculator

$10,537
Per Month
87%
13%
0%
Monthly Principal & Interest
$9,162
Monthly Property Taxes
$1,375
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/9/2026$1,488,000 Listed Price

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1003 W Myrtle Street, Santa Ana, CA, 92703 is a Multi-Family Home for sale at $1,488,000 with 3,054 sqft and a lot size of 0.22. 1003 W Myrtle Street is a studio with 1.0 baths and was built in 1986. The property's zip code is 92703 which is in Santa Ana, CA