1609 Cedar St Santa Ana, CA 92707
Southeast Industrial District NeighborhoodEstimated payment $6,553/month
About This Home
We are pleased to present 1609 S. Cedar Street, a three-unit investment opportunity located in the heart of Central Santa Ana. The property features an attractive unit mix of one single-story two-bedroom/one-bath home and two townhouse-style two-bedroom/one-and-a-half-bath units — offering tenants a distinctive living experience rarely found in multi-family housing.
Each unit includes its own private garage, with one unit featuring direct interior garage access, and all units offer large fenced private patios and in-unit washer and dryer hookups. All units are separately metered for gas and electric — resulting in zero utility expense for the owner. Additional street and alley parking provides tenants convenience beyond their individual garages.
Two of the three units have received nearly complete interior renovations including new drywall, flooring, granite countertops, new cabinetry, updated kitchen and bathroom fixtures, gas range, and forced air heating and cooling. The exterior has also been upgraded with new windows throughout, enhancing curb appeal and energy efficiency.
The property is ideally situated in Central Santa Ana's supply-constrained rental market, offering investors stable long-term demand fundamentals. Tenants enjoy convenient access to numerous recreational parks within two miles, top-rated schools nearby, and some of Southern California's premier shopping, dining, and entertainment at South Coast Plaza — just minutes away.
Commuters benefit from immediate proximity to the 55 Freeway and are just five miles from John Wayne Airport, providing seamless connectivity throughout the Southern California region and beyond.
Listing Agent
Hoyt Real Estate, Inc. Brokerage Phone: 949-283-1696 License #01426139 Listed on: 07/16/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 6,970 Sq Ft Lot
- No Common Walls
- Density is 6-10 Units/Acre
Parking
- 3 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 3,052 Sq Ft Home
- 2-Story Property
- Washer and Gas Dryer Hookup
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 41
- Tax Tract Number 3594
- Assessor Parcel Number 01424230
- $835 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $960
- Insurance Expense $2,500
- Trash Expense $3,000
- Water Sewer Expense $3,000
- New Taxes Expense $11,760
- Operating Expense $21,220
- Gross Income $69,240
- Net Operating Income $48,020
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $11,026 | $928,466 | $828,348 | $100,118 |
| 2025 | $11,026 | $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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/07/2026 08/07/26 | Price Changed | $1,025,000 | -2.4% | $336 / Sq Ft | |
| 07/16/2026 07/16/26 | For Sale | $1,050,000 | +31.3% | $344 / Sq Ft | |
| 07/17/2017 07/17/17 | Sold | $800,000 | -3.0% | $262 / Sq Ft | View Prior Sale |
| 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 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Chicago Title | |
| Grant Deed | $800,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Chicago Title Newport Beach | |
| Grant Deed | $515,000 | Chicago Title Newport Beach | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $560,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $309,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26154788
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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