Description
We are pleased to present 1617 S. Cedar Street, a four-unit investment opportunity located in the heart of Central Santa Ana. The property features an attractive unit mix of all two-bedroom/one-bath homes, including three single-story units and one unit over garage offering tenants the feel of individual home living rarely found in multi-family housing. Each unit includes its own private garage, in-unit laundry hookups, and all units are separately metered for gas and electric resulting in zero utility expense for the owner. Three of the four units feature large fenced private patios. Additional street and alley parking provides tenants convenience beyond their individual garages. The alley has recently been repaved in concrete, reducing future maintenance costs. 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.
Details
| MLS # | PW26160740 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 41 |
| Listing Provided By | Hoyt Real Estate, Inc. | Matthew Hoyt |
Features
| SQ Feet | 3,279 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.16 |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer Tap Paid |
|---|
Location
| Community Features | Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92707 |
| Area | 69 Santa Ana South of First |
| Community Name | Evergreen |
| Listing VS Median (in Evergreen) | |
Price: $1,200,000 low | high Med: $1,344,444 sqft: 3,279 low | high Med: 1,627 $ / sqft: $366 low | high Med: $838 On site: 41 low | high Med: 22 | |
Market Activity 92707
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92707 |
| Area | 69 Santa Ana South of First |
| Community Name | Evergreen |
| Listing VS Median (in Evergreen) | |
Price: $1,200,000 low | high Med: $1,344,444 sqft: 3,279 low | high Med: 1,627 $ / sqft: $366 low | high Med: $838 On site: 41 low | high Med: 22 | |
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