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$1,015,000
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Property Description
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.
Full Property Details
Full Property Details for 1609 Cedar
General
- Price: $1,015,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW26154788
- Updated: 8/22/2026
- Days on Market: 53 days
- Added to Site: 53 day(s) ago
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 3
Location
- Area: 69 - Santa Ana South of First
- County: Orange
- Development Name: 69 - Santa Ana South of First
- Driving Directions: Edinger to Cedar
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Entry Location: 1
- Square Feet: 3,052
- Year Built: 1961
Unit Information
Unit 1
- Number of Units: 3
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Lot Size Source: Assessor
- Lot Description: Lot 6500-9999, 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $332.57
- Price Per Unit: 338333
Listed by Hoyt Real Estate, Inc., Matthew Hoyt
Get Pre-Approved Today
Schools
Schools serving 1609 Cedar
School District:Santa Ana Unified School District
| Name | Grades | Distance |
|---|---|---|
Thomas A. Edison Elementary School 2063 Orange Avenue, Santa Ana, CA 92707 | K-5 | 0.6 mi |
Julia C. Lathrop Intermediate School 1111 S. BRd.way, Santa Ana, CA 92707 | 6-8 | 0.8 mi |
Century High School 1401 South Grand Avenue, Santa Ana, CA 92705 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1609 Cedar
Date
Details
Price
Change
Source
8/22/2026
Price Reduced
$1,015,000
-0.98%
MLS
8/07/2026
Price Reduced
$1,025,000
-2.38%
MLS
7/16/2026
Listed
$1,050,000
31.25%
MLS
5/26/2017
Sold
$800,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1609 Cedar
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,026
—
$928,466
2%
2025
$11,026
3%
$910,261
2%
2024
$10,739
3%
$892,413
2%
2023
$10,474
1%
$874,915
2%
2022
$10,365
2%
$857,760
2%
2021
$10,123
—
$840,942
1%
2020
$10,143
2%
$832,320
2%
2019
$9,945
4%
$816,000
2%
2018
$9,566
8%
$800,000
10%
2017
$8,879
117%
$730,000
141%
2016
$4,088
1%
$302,323
2%
2015
$4,035
2%
$297,782
2%
2014
$3,965
2%
$291,949
—
2013
$3,896
—
$290,630
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1609 Cedar
1609 Cedar, Santa Ana, CA 92707 (MLS# PW26154788) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 1609 Cedar is currently listed for $1,015,000 and was received on July 16, 2026. Want to learn more about 1609 Cedar? Do you have questions about finding other Multi-Family real estate for sale in Santa Ana? You can browse all Santa Ana real estate or contact a Coldwell Banker agent to request more information.

