Three-Unit Residential Income
1613 Cedar, Santa Ana, CA 92707
For Sale
$1,050,000
Three separately metered units each include private garages and in-unit washer/dryer hookups with fenced private patios.
Property Size3,052 SF
Days on Market111
Property Features for 1613 Cedar
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Fenced Yard
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Hoyt Real Estate, Inc.
Listed By:
Matthew Hoyt · License CA #01426139
(949) 283-1696
Source:
Stephanieyounggroup
Added: Jul 23
Changed: Nov 9
Last Checked: Nov 8 at 12:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoyt Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This three-unit residential income property includes one single-story two-bedroom, one-bath home and two townhouse-style two-bedroom, one-and-a-half-bath units. Each unit has its own private garage, with one unit offering direct interior access, and all units include fenced private patios and in-unit washer and dryer hookup. Units are separately metered for gas and electric.
Additional street and alley parking is available for tenant convenience. The exterior has been upgraded with new windows throughout.
Two of the three units have undergone 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.
Additional street and alley parking is available for tenant convenience. The exterior has been upgraded with new windows throughout.
Two of the three units have undergone 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.
Key Highlights
- Three‑unit property built in 1963 in Central Santa Ana
- Unit mix: one single‑story 2BD/1BA and two townhouse‑style 2BD/1.5BA units
- Each unit has its own private garage and fenced private patio, with in‑unit washer/dryer hookup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,920
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,400
$1.1M
Cap Rate 7%
$756,000
$756.0K
Cap Rate 9%
$588,000
$588.0K
Market Conditions
NOI Build-Up for 3,052 SF
Gross rent
$78.7K $25.80/SF
− Vacancy
−$3.1K −$1.03/SF
EGI
$75.6K $24.77/SF
− OpEx
−$22.7K −$7.43/SF
NOI
$52.9K $17.34/SF
Area
ZIP 92707
Vacancy
3.99%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,400
Cap Rate 7%
$756,000
Cap Rate 9%
$588,000
Alternative Uses
Best Use
Multifamily LT 5
$756.0K
$661.5K – $882.0K
NOI $52,920 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$697.5K
$610.3K – $813.7K
NOI $48,822 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$836.9K
$732.3K – $976.4K
NOI $58,584 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,856
Businesses Nearby
Explore this area
Business Placement
Demographics for 92707, CA
56,456
Population
14,767
Households
3.8
Avg Household Size
33
Median Age
17%
College-Educated
65%
High-School Grad
5.2 sq mi
ZIP Area
10,857
Density / Sq Mi
$99,491
Median Household Income
$35,582
Median Earnings
$2,141
Median Rent
$635,600
Median Home Value
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Market
Properties on Market for Triplexes in Santa Ana
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered units each include private garages and in-unit washer/dryer hookups with fenced private patios.
Where is this triplex located?
The property is located at 1613 Cedar Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Three‑unit property built in 1963 in Central Santa Ana; Unit mix: one single‑story 2BD/1BA and two townhouse‑style 2BD/1.5BA units; Each unit has its own private garage and fenced private patio, with in‑unit washer/dryer hookup
