Seller's Agent in 2017
Mark Bridge
Mark Bridge, Broker
(949) 419-3200
53 Total Sales
1609 Cedar St Santa Ana, CA 92707
Southeast Industrial District Neighborhood
6
Beds
5
Baths
3,052
Sq Ft
1961
Built
Highlights
- Wood Flooring
- 3 Car Direct Access Garage
- Central Heating and Cooling System
- No HOA
- Laundry Room
- 3-minute walk to Madison Park
About This Home
As of July 2017We are pleased to present this partially single story and townhouse style investment opportunity located in the City of Santa Ana. This property has a strong unit mix of one single story 2 bed / 1 bath, and two 2 bed / 1.5 bath townhouse style units. Each unit has a garage, and one unit has direct garage access to the unit. Two out of the three units have received almost complete interior upgrades, such as new drywall, flooring, granite counter tops, new cabinetry, new bathroom and kitchen fixtures, a gas range, and forced AC & Heater. The exterior of the building has also recently received upgrades, such as new windows throughout. Each unit is separately metered for gas and electric. The owner has no gas or electric bill. All three units also come with washer and dryer hookups. Each unit has its own large private fenced patio and has its own garage. There is also ample street and alley parking for tenants. This property offers investors a solid income property in the tight rental market of Santa Ana.
1609 S Cedar St has an excellent location in Central Santa Ana. Within two miles, tenants have access to numerous recreational parks. It is also minutes from Orange County's premier shopping, entertainment, and dining destinations, South Coast Plaza. The asset is also close to many schools. The property is minutes from the 55 freeway and just five miles from John Wayne Airport, giving tenants ease of access to travel within the Southern California region and beyond.
Last Agent to Sell the Property
Mark Bridge, Broker License #01316702 Listed on: 05/02/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 6,534 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 3 Car Direct Access Garage
- 2 Open Parking Spaces
- Parking Available
- Assigned Parking
Home Design
- Triplex
- Split Level Home
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 3,052 Sq Ft Home
- 2-Story Property
- Family Room with Fireplace
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 014 / 242
- Tax Tract Number 30
- Assessor Parcel Number 01424230
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $921
- Maintenance Expense $2,250
- Pest Control $300
- Trash Expense $2,700
- Water Sewer Expense $2,760
- New Taxes Expense $9,240
- Operating Expense $18,771
- Gross Income $52,620
- Net Operating Income $32,270
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/17/2017 07/17/17 | Sold | $800,000 | -3.0% | $262 / Sq Ft |
| 06/22/2017 06/22/17 | Pending | -- | -- | -- |
| 06/08/2017 06/08/17 | For Sale | $825,000 | 0.0% | $270 / Sq Ft |
| 05/24/2017 05/24/17 | Pending | -- | -- | -- |
| 05/16/2017 05/16/17 | For Sale | $825,000 | 0.0% | $270 / Sq Ft |
| 05/16/2017 05/16/17 | Pending | -- | -- | -- |
| 05/02/2017 05/02/17 | For Sale | $825,000 | -- | $270 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,739 | $910,261 | $812,106 | $98,155 |
| 2024 | $10,739 | $892,413 | $796,182 | $96,231 |
| 2023 | $10,474 | $874,915 | $780,570 | $94,345 |
| 2022 | $10,365 | $857,760 | $765,264 | $92,496 |
| 2021 | $10,123 | $840,942 | $750,259 | $90,683 |
| 2020 | $10,143 | $832,320 | $742,566 | $89,754 |
| 2019 | $9,945 | $816,000 | $728,005 | $87,995 |
| 2018 | $9,566 | $800,000 | $713,730 | $86,270 |
| 2017 | $8,879 | $730,000 | $633,213 | $96,787 |
| 2016 | $4,088 | $302,323 | $197,318 | $105,005 |
| 2015 | $4,035 | $297,782 | $194,354 | $103,428 |
| 2014 | $3,965 | $291,949 | $190,547 | $101,402 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Bridge
-
Matthew Hoyt
Buyer's Agent in 2017
Matthew Hoyt
Hoyt Real Estate, Inc.
(949) 283-1696
45 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC17095238
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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