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$1,200,000
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Property 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.
Full Property Details
Full Property Details for 1617 Cedar
General
- Price: $1,200,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW26160740
- Updated: 9/10/2026
- Days on Market: 60 days
- Added to Site: 60 day(s) ago
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 4
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: Sewer Paid
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: 1
- Square Feet: 3,279
- Year Built: 1963
Unit Information
Unit 1
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Lot Size Source: Assessor
- Lot Description: Lot 6500-9999
Financial Considerations
- Price Per Sq. Ft.: $365.97
- Price Per Unit: 300000
Listed by Hoyt Real Estate, Inc., Matthew Hoyt
Get Pre-Approved Today
Schools
Schools serving 1617 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 1617 Cedar
Date
Details
Price
Change
Source
8/18/2026
Price Reduced
$1,200,000
-2.04%
MLS
8/07/2026
Price Reduced
$1,225,000
-2%
MLS
7/23/2026
Listed
$1,250,000
—
MLS
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 1617 Cedar
Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,221
—
$1,194,717
2%
2025
$14,221
3%
$1,171,292
2%
2024
$13,851
3%
$1,148,326
2%
2023
$13,509
1%
$1,125,810
2%
2022
$13,367
2%
$1,103,736
2%
2021
$13,056
—
$1,082,095
1%
2020
$13,082
2%
$1,071,000
2%
2019
$12,827
493%
$1,050,000
870%
2018
$2,164
1%
$108,261
2%
2017
$2,142
2%
$106,139
2%
2016
$2,106
1%
$104,058
2%
2015
$2,077
2%
$102,495
2%
2014
$2,038
2%
$100,488
—
2013
$1,998
—
$100,034
—
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 1617 Cedar
1617 Cedar, Santa Ana, CA 92707 (MLS# PW26160740) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1617 Cedar is currently listed for $1,200,000 and was received on July 23, 2026. Want to learn more about 1617 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.

