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Listed by Carmen Abram Tawfik • T.N.G. Real Estate Consultants
$ 1,590,000
Est. payment | /mo
3,043 SqFt
$ 1,590,000
Est. payment | /mo
3,043 SqFt
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,043 sqft
Price per Sqft $522
MLS Listing ID CRPW25125649
HOA Y/N No
Year Built 1986
Lot Size 9,583 Sqft
Property Sub-Type OTHER
Source Datashare California Regional
Property Description
BACK ON THE MARKET at no fault to seller - Buyer unable to close escrow on their other 1031 replacement sales. CREATIVE FINANCING options available. LEASE OPTION. SELLER FINANCE, Seller may carry existing loan. Any other creative terms welcome! 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 over the past 3 years! THREE Completely 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. Nine (9) spacious rooms, 4 Full Bath, 3 Full Kitchen & 5 car garage. Total 14 parking spots on this HUGE 10,000 lot ** 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 (
Location
State CA
County Orange
Interior
Heating None
Cooling No Air Conditioning
Flooring Laminate, Tile, Vinyl
Fireplace No
Appliance Gas Water Heater, Tankless Water Heater
Laundry Common Area, Laundry Room
Exterior
View None
Handicap Access Other
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227