Presenting 1917 West Myrtle Street, a six-unit multifamily investment opportunity located in the highly desirable Casa Bonita neighborhood of Santa Ana, California. The property consists entirely of spacious two-bedroom units and benefits from a comprehensive renovation program completed in 2021, positioning the asset as a low-maintenance acquisition with modernized infrastructure and interiors. The 2021 capital improvement program included full electrical upgrades with new main and sub-panels, along with new copper plumbing throughout the property. Unit interiors feature luxury vinyl plank flooring, renovated bathrooms with tub-to-ceiling tile surrounds, glass niches, vessel sinks, updated fixtures, and shower valves. Kitchens were upgraded with quartz countertops, barn-style sinks, cabinetry, garbage disposals, and a full appliance package. Additional improvements include windows, interior and security doors, upgraded hardware throughout, electronic garage motors with digital keypads, new perimeter fencing, and private patios for select ground-floor units. The property currently generates $140,400 in gross annual income ($11,700 per month), representing a strong 13.18 Gross Income Multiplier (GIM) with meaningful rental upside through rent re-positioning to market. With the majority of capital improvements already completed, investors are well-positioned to focus on revenue growth rather than future capital expenditures, making this an attractive light value-add opportunity. Ideally located less than 2.5 miles from Downtown Santa Ana and the 4th Street Market, 1917 West Myrtle Street offers tenants convenient access to major employment centers, retail, dining, and entertainment. Nearby amenities include Santa Ana College, MainPlace Mall, and the OC Streetcar line, while immediate access to the I-5 and CA-22 freeways provides strong regional connectivity throughout Orange and Los Angeles Coun¬ties. With modernized unit interiors, durable in-place income, and a clear path to income growth, 1917 West Myrtle Street presents investors with a compelling opportunity to acquire a well-maintained, post-renovation multifamily asset in one of Orange County’s most supply constrained rental submarkets.
Property Details
Price:
$1,850,000
MLS #:
OC26031669
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
69santaanasouthoffirst
Listed Date:
Feb 11, 2026
Total Sq Ft:
4,500
Lot Size:
7,158 sqft / 0.16 acres (approx)
Year Built:
1957
See this Listing
Schools
Interior
Heating
WL
Laundry Features
IK
Exterior
Community Features
CRB, CW
Parking Spots
6
Roof
COM
Financial
Maintenance Fee
$4,800
Map
Community
- Address1917 W Myrtle Santa Ana CA
- SubdivisionOther (OTHR)
- CitySanta Ana
- CountyOrange
- Zip Code92703
Subdivisions in Santa Ana
- Bishop Villas BSVL
- Cabrillo Park CBPK
- Cambridge Green CMGR
- Casa De Santiago CSDS
- Cherrydale CHDL
- Chestnut Square CHSQ
- Civic Center Plaza CVCP
- CUST
- Essex Skyline SKYL
- Garden Villas GRVL
- Lake Park I LKP1
- Lakeshore Adult Condos LSAC
- MacArthur Village MAVL
- North Tustin Custom NTC
- Park 47 PK47
- Park Bristol PKBR
- Regency Villas RGVL
- Shadow Wood SHWD
- Shady Hollow Patio Homes I SHP1
- Shady Hollow Townhomes SHHW
- South Coast Springs SCSP
- South Coast Villas SCVL
- St. Albans STAL
- Sunflower Creek SFCK
- Sunwood Square SNSQ
- The Redwoods REDW
- Town Square TNSQ
- Village Walk VLWK
- Windwood Forest WWFS
- Woodlake WDLK
- Woodside Village WDSD
Market Summary
Current real estate data for Single Family in Santa Ana as of Feb 22, 2026
263
Single Family Listed
66
Avg DOM
435
Avg $ / SqFt
$1,071,023
Avg List Price
Property Summary
- Located in the Other (OTHR) subdivision, 1917 W Myrtle Santa Ana CA is a Single Family for sale in Santa Ana, CA, 92703. It is listed for $1,850,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1957. The average price per square foot for Single Family listings in Santa Ana is $435. The average listing price for Single Family in Santa Ana is $1,071,023.
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1917 W Myrtle
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