1003 W Myrtle ST Santa Ana CA 92703 MLS #PW26072817

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.