Quadplex with Coin
For Sale
$1,025,000
1813 Cedar, Santa Ana, CA 92707
Four occupied units feature matching layouts, individual utility meters, covered parking, and month-to-month tenancies.
Property Size3,689 SF
Price / SF$277.85
Days on Market71
Property Features for 1813 Cedar
General Information
Standard status
Active
Size
3,689 SF
Total Parking Spaces
5
Property subtype
Apartment
Occupancy
100%
Financials
Asking Price
$1,099,000
Average Monthly Rent
$1,215
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
on-site coin-operated laundry facility
Building Details
Building Size
3,689 SF
Year Built
1963
Listing Agency:
HomeSmart, Evergreen Realty
Listed By:
Marcus Bevans · License #02068413
Source:
Stephanieyounggroup
Added: Aug 5
Changed: Oct 10
Last Checked: Oct 13 at 3:18AM
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 HomeSmart, Evergreen Realty
Investment Insights
Based on property information with market context.
This Santa Ana quadplex contains four matching units, each configured with two bedrooms and one bathroom. The building totals approximately 3,689 square feet and includes five covered carport spaces, separate gas and electric meters, and an on-site coin-operated laundry facility that generates additional income. All four units are occupied under month-to-month tenancies, and current rents total $4,860 per month.
Located at 1813 Cedar in Santa Ana, the property is designated Public Rec zoning. The building has remained under the same ownership for more than 25 years and offers eight total bedrooms across the four-unit configuration.
Located at 1813 Cedar in Santa Ana, the property is designated Public Rec zoning. The building has remained under the same ownership for more than 25 years and offers eight total bedrooms across the four-unit configuration.
Key Highlights
- Four 2‑bedroom, 1‑bath units in a matching fourplex configuration
- Approximately 3,689 square feet per public records
- Five covered carport spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,965
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,300
$1.3M
Cap Rate 7%
$913,786
$913.8K
Cap Rate 9%
$710,722
$710.7K
Market Conditions
NOI Build-Up for 3,689 SF
Gross rent
$95.2K $25.80/SF
− Vacancy
−$3.8K −$1.03/SF
EGI
$91.4K $24.77/SF
− OpEx
−$27.4K −$7.43/SF
NOI
$64.0K $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%
$1,279,300
Cap Rate 7%
$913,786
Cap Rate 9%
$710,722
Alternative Uses
Best Use
Multifamily LT 5
$913.8K
$799.6K – $1.07M
NOI $63,965 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$843.0K
$737.7K – $983.5K
NOI $59,012 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$1.01M
$885.1K – $1.18M
NOI $70,811 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,943
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied units feature matching layouts, individual utility meters, covered parking, and month-to-month tenancies.
Where is this quadplex located?
The property is located at 1813 Cedar Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units in a matching fourplex configuration; Approximately 3,689 square feet per public records; Five covered carport spaces
