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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 Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com
Text Me
Call My Cell
Call My Office
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com
Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
Phone: 858-487-3520
Fax: 858-451-0932
Rancho Bernardo 16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
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Fax: 858-451-0932
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Agent Remarks

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 • In 2022 MAJOR REMODEL was done • IN 1986, BACK house SFR was build 7 rooms, 3 Full Bath, 2 Full kitchen, 3 car garage 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. Please see Supplements Showing by appointments upon receiving a complete offer package. Tenant Occupied, Please DRIVE by only.

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: 6/19/2026

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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#: 01338684
Office Name: Rancho Bernardo

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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:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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Photo of Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com
Text Me
Call My Cell
Call My Office
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com

Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
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