1003 W Myrtle Street, Santa Ana, CA 92703
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1003 W Myrtle Street,Santa Ana, CA 92703
$1,498,000
- - Beds
- - Baths
- 3,054 sq. ft.
- Multi-family
- Active
Listed by: carmen abram tawfik
Office: t.n.g. real estate consultants
MLS#:PW26072817
Source:CRMLS
Price summary
- Price:$1,498,000
- Price per sq. ft.:$490.5
About this home
RARE - Cash Flow – High Demand - DETACHED MULTI-UNIT WITH STRONG INCOME + DOCUMENTED ADU UPSIDE. Well-positioned investment opportunity in the heart of Santa Ana featuring TWO detached buildings on one lot with separate addresses (1003 & 1001 W Myrtle), Low-maintenance income property.
Income & Stability:
Currently generating $107,700 in annual gross income with established tenants in place, providing immediate cash flow and reduced turnover risk.
The property consists of three residential units across two standalone structures, including a front single-family residence and a detached rear building.
All units offer a highly desirable “cottage-style” layout with no shared walls — a rare configuration that consistently attracts and retains long-term tenants.
Unit Mix:
• Two (2) 2-bedroom / 1-bath units
• One (1) 3-bedroom / 2-bath unit
. Why This Property Stands Out:
• Detached units (no shared walls) — strong tenant appeal
• Two separate addresses for added flexibility and functionality
• Multiple utility meters
• Proven, stable income stream
• Documented Value-Add Potential: Existing garage structures offer a clear path to ADU conversion. Seller will provide a complete due diligence package to streamline execution, including:
• Stamped ADU / garage conversion plans (attached)
• Permit status and documentation (attached)
• Site plan and layout
• Parking mitigation plan (if required)
• Pro-forma outlining projected income with ADU additions
. Centrally located with convenient access to major freeways, employment hubs, many educational institutions such as Santa Ana High School and Lowell Elementary School and regional amenities, supporting strong and consistent rental demand throughout Orange County.
Opportunities offering this COMBINATION of detached layout, in-place income, and documented expansion potential are extremely limited in the Santa Ana market.
A large storage / laundry room and
5 Car Garage can be rented for additional income.
Virtually staged pictures and furniture.
Seller is prepared and ready — a due diligence package available upon request.
Seller will be reviewing strong offers as they are received.
Opportunities like this won’t last. Act FAST....
Contact an agent
Home facts
- Year built:1986
- Listing ID #:PW26072817
- Added:1 day(s) ago
- Updated:April 05, 2026 at 04:35 PM
Rooms and interior
- Flooring:Laminate, Tile, Vinyl
- Kitchen Description:Electric Oven, Electric Range, Gas Range, Pantry
- Living area:3,054 sq. ft.
Structure and exterior
- Roof:Shingle
- Year built:1986
- Building area:3,054 sq. ft.
- Lot area:0.22 Acres
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,498,000
- Price per sq. ft.:$490.5
- Tax amount:$16,500
Features and amenities
- Appliances:Electric Oven, Electric Range
- Amenities:Carbon Monoxide (CO2) Detector, Gas Water Heater, Granite Counters, Loft room, Multiple Staircases, Open Floor Plan, Quartz Counters, Storage, Tankless Water Heater, Water Heater
Parking
- Total parking spaces:14
- Parking description:Direct Access, Door-Multi, Door-Single, Garage, On Site, One Space, Oversized, Public
- Garage:Yes
- Garage spaces:5
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