Four-Unit Residential Income
For Sale
$1,250,000
1617 Cedar, Santa Ana, CA 92707
Four separately metered units include private garages and in-unit laundry hookups, with fenced patios on most units.
Days on Market10
Property Features for 1617 Cedar
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
private garage
in-unit laundry hookups
separately metered gas and electric
private patios
Building Details
Building Size
3,279 SF
Year Built
1963
Tenancy
Multi
Listing Agency:
Hoyt Real Estate Inc
(949) 619-6159
Listed By:
Matthew Hoyt · License #01426139
(949) 619-6159
Source:
Elliman
Added: Jul 24
Changed: Jul 26
Last Checked: Aug 2 at 11:23AM
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
Investment Insights
Based on property information with market context.
This four-unit residential income property offers a practical unit mix of three two-bedroom, one-bath units and one larger one-bedroom unit over a garage. The buildings include three single-story units and one unit configured over garage, and each unit has its own private garage plus in-unit laundry hookups. All units are separately metered for gas and electric, and three of the four units include large fenced private patios.
The property provides additional street and alley parking for tenant convenience. The alley was recently repaved in concrete, which may help reduce near-term maintenance needs.
Designed for tenant-friendly everyday living, the layout provides private outdoor space for most units and separate utility metering across all four homes.
The property provides additional street and alley parking for tenant convenience. The alley was recently repaved in concrete, which may help reduce near-term maintenance needs.
Designed for tenant-friendly everyday living, the layout provides private outdoor space for most units and separate utility metering across all four homes.
Key Highlights
- Four‑unit property built in 1963 in Central Santa Ana
- Unit mix: three 2 bed/1 bath units plus one large 1 bed unit over garage
- All units have private garages and in‑unit laundry hookups; units are separately metered for gas and electric
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.6k | $25.80 |
| − Vacancy | −$3.4k | −$1.03 |
| EGI | $81.2k | $24.77 |
| − OpEx | −$24.4k | −$7.43 |
| NOI | $56.9k | $17.34 |
3,279 SF · lease $25.80/SF/yr · vacancy 3.99% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$812.2K
$710.7K – $947.6K
NOI $56,856 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$749.3K
$655.7K – $874.2K
NOI $52,453 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$899.2K
$786.8K – $1.05M
NOI $62,941 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separately metered units include private garages and in-unit laundry hookups, with fenced patios on most units.
Where is this quadplex located?
The property is located at 1617 Cedar Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑unit property built in 1963 in Central Santa Ana; Unit mix: three 2 bed/1 bath units plus one large 1 bed unit over garage; All units have private garages and in‑unit laundry hookups; units are separately metered for gas and electric
