Courtesy of: Carmen Abram Tawfik, T.N.G. Real Estate Consultants, carmenrealestate01@gmail.com
Courtesy of: Carmen Abram Tawfik, T.N.G. Real Estate Consultants, carmenrealestate01@gmail.com
$1,468,088
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7 bed
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4.00 Bath (4 Full)
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Lot: 0.22 Acres
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Single Family Residence
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$1,468,088
1001 W Myrtle TWO DETACHED BUILDINGS (1001 & 1003 W. MYRTLE - SOLD TOGETHER) - THREE RENTAL UNITS - ONE LARGE LOT - A versatile investment opportunity - STRONG Existing Rental Income - Stable Tenants - HIGH VALUE - Unusually strong income for its unit count, currently over $92, 600 in Net Operating Income (NOI), over 6% CAP Rate, with over $107, 700 in annual gross income, plus potential additional laundry and garage income - Strong in-place rental income, even within a rent-regulated area - LARGER BUILDING - One of the MOST COMPETITIVELY PRICED small multifamily properties by $/SF - ONE OF THE LARGER LOTS among comparable properties - approximately 9, 583 SF, PROVIDING substantially more land - 5 garages / plus additional parking spaces on the LOT - Documented ADU / VALUE-ADD potential - Stamped plans available for review - AMPLE LAND + Multiple avenues for FUTURE value creation - RARE DETACHED MULTIFAMILY CONFIGURATION - No shared walls, No one ABOVE OR BELOW, providing PRIVACY - Stong tenant appeal & Rental demand - Separate utility meters - LIVE IN ONE - RENT THE OTHERS - OR INVEST FOR CASH FLOW - COMPLETELY REMODELED IN 2022 - New EVERTHING: Double pane windows, flooring, kitchen cabinets, countertops, bathroom vanities and tubs - 10 ROOMS - 4 FULL BATHS - 3 FULL KITCHENS - Existing garage structures provide a documented pathway for potential future ADU conversion - Please see Supplements for permits, plans and supporting documentation. - Prime Central Location Strategically positioned - CLOSE to Tustin and Orange borders, with convenient access to major freeways, employment centers, shopping, dining, and schools Virtually staged / AI - generated images SHOWING: Tenant Occupied - DRIVE-BY ONLY. Showings by appointment upon receipt of a complete offer package.
Courtesy of: Carmen Abram Tawfik, T.N.G. Real Estate Consultants, carmenrealestate01@gmail.com
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