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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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1003 W Myrtle Street Santa Ana, CA 92703
$1,488,000 0 beds, 0 baths
0 sqft
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Photo of Robyn Raskind

Robyn Raskind Properties REALTOR® - Sales Associate 858-229-9131 m
858-759-5718 o
Lic#: 00683543
NRDS ID: 182001666
robynraskind@gmail.com
Text Me
Call My Cell
Call My Office
Lic#: 00683543
NRDS ID: 182001666
robynraskind@gmail.com
Rancho Santa Fe - Fairbanks Ranch Office
16236 San Dieguito Rd, Bldg 5, Ste 10
Rancho Santa Fe, CA 92067
Phone: 858-756-3795
Fax: 858-756-9591
Rancho Santa Fe - Fairbanks Ranch 16236 San Dieguito Rd, Bldg 5, Ste 10
Rancho Santa Fe, CA 92067
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Fax: 858-756-9591
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STANDOUT FEATURES: • Detached Units • ADU Upside • High-Demand Rental Market • Strong existing income • Orange County location • Low maintenance INVESTORS: EXCLISIVE Opportunities offering this combination of immediate income, tenant STABILITY , and documented expansion potential are exceptionally rare in today's Orange County market • Approved Permits and Plans on Hand as NO Additional Cost for Investors • In 2022 MAJOR REMODEL was done • IN 1986, BACK house SFR was build 7 rooms, 3 Full Bath, 2 Full kitchen, 3 car garage Unique multi-unit: 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 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. Seller will provide a comprehensive package including: • Stamped ADU/Garage Conversion Plans • Permit Status and Supporting Documentation • Site Plans and Property Layout • Pro Forma Income Projections for Future ADUs • Prime Central Location Strategically positioned in the heart of Santa Ana with convenient access to major freeways, employment centers, shopping, dining, and schools. Strong tenant demand and long-term rental growth area. Seller is organized, motivated, and prepared. Complete due diligence package available upon request. Agent is related to sellers. ** Don't miss this opportunity a cash-flowing asset with built-in upside in one of Orange County's most active rental. Virtualy staged and AI Showing by appointments upon receiving a complete offer package. Tenant Occupied, Please DRIVE by only. PLEASE see Supplements with all permits.

Listing Details

Trust & Probate
Property type: Single Family Residence (Multi-Family)
Status: Active
MLS# PW26125402
List price is $1,488,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1986
1 story
0.22 acres
Lot size: 0.2200
Subdivision: Other
County: Orange
Zoning: R2
Interior features: Granite Counters,Multiple Staircases,Open Floorplan,Pantry,Quartz Counters,Storage,Bedroom on Main Level,Loft,Main Level Primary
Appliances: Electric Oven,Electric Range,Gas Range,Gas Water Heater,Tankless Water Heater,Water Heater
Parking description: Door-Multi,Direct Access,Door-Single,Garage,On Site,Oversized,Public,One Space
Lot description: TwoToFiveUnitsAcre
Heating/cooling: None
Heating description: None
MLS area: 69 - Santa Ana South of First

Last Updated: 7/10/2026

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This listing belongs to the 69 - Santa Ana South of First MLS area

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Lat/Long: 33.742044, -117.878754.
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Listing Agent: Carmen Abram Tawfik
Lic#: 00683543
Office Name: Rancho Santa Fe - Fairbanks Ranch

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Photo of Robyn Raskind

Robyn Raskind Properties REALTOR® - Sales Associate 858-229-9131 m
858-759-5718 o
Lic#: 00683543
NRDS ID: 182001666
robynraskind@gmail.com
Text Me
Call My Cell
Call My Office
Lic#: 00683543
NRDS ID: 182001666
robynraskind@gmail.com

Rancho Santa Fe - Fairbanks Ranch Office
16236 San Dieguito Rd, Bldg 5, Ste 10
Rancho Santa Fe, CA 92067
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