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$1,590,000
Est. payment /mo
7 Beds
9,583 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25125649
Bedrooms 7
Lot Size 9,583 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
CREATIVE FINANCING options available. LEASE back OPTION. SELLER FINANCE, Seller may carry existing loan. Any other creative terms welcome! This price includes the SFR - 1001 W Myrtle, same parcel, sold together. THREE detached residences. Total TWO buildings STAND ALONE, completely DETACHED. Nine (9) spacious rooms,7 bedrooms, 4 Full Bath, 3 Full Kitchen & 5 car garage. Total 14 parking spots on this HUGE 10,000 lot Turnkey Investment ** STRONG 5% Cap Rate, Enjoy solid returns $107,000+ annual income from day one based on current rents, with room for upside through rent increases. Reach CAP rate - Upto 8% CAP with the NEW ADU ** Reliable tenant already in place, paying over market rent for the past 3 years! THREE SEPARATE, detached residences. Total TWO buildings STAND ALONE, completely DETACHED. SEPARATELY metered for gas, electric and water. Each has its own mailing address: 1001 and 1003 W Myrtle. ** In 2022 MAJOR REMODEL for ALL buildings was done, NEW windows, NEW floors everywhere, NEW kitchen & bathroom cabinets. You can ADD ** an ADU in the 3-car garage and build an addition to the front house in the 2-car garage. You will end up with FOUR completely detached, separate residences, bringing in ADDITIONAL rent approx. $40,000 annually only from ** ADU** Seller has APPROVED PLANS from the city & Building PERMIT for ADU (see supplements) Will be TRANSFERRED at NO additional cost. IN 1986, BACK house SFR was build split into 2 residences from inside. Original FRONT single family residence is one SINGLE story, completely DETACHED with 2 beds & 1 FULL Bath, front, side and
Location
State CA
County Orange
Zoning Other
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
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Listed by Carmen Abram Tawfik T.N.G. Real Estate Consultants
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