1813 Cedar Santa Ana, CA 92707
Well-maintained four-unit apartment building in Santa Ana.
Property Features for 1813 Cedar
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Multifamily
Listing office HomeSmart, Evergreen Realty
Listing date Oct 6, 2025
Source Crexi
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.
Key Highlights
- Well‑maintained four‑unit apartment building in Santa Ana.
- First time on the market in over 25 years.
- Long‑term ownership stability in a location where four‑unit inventory is limited.
Local 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 | $72.2k | $25.80 |
| − Vacancy | −$2.9k | −$1.03 |
| EGI | $69.4k | $24.77 |
| − OpEx | −$20.8k | −$7.43 |
| NOI | $48.6k | $17.34 |
