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.