Quadplex with Coin
For Sale
Contact for pricing
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$297.91
Days on Market8
Property Features for 1813 Cedar
General Information
Standard status
Active
Size
3,689 SF
Total Parking Spaces
5
Property subtype
Multifamily
Zoning
Public Rec
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
Buildings
1
Units
4
Listing Agency:
HomeSmart, Evergreen Realty
Listed By:
Marcus Bevans · License #02068413
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 11 at 12:00PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,965
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.82%
Second Best
Apartment 5plus
$843.0K
$737.7K – $983.5K
NOI $59,012 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.01M
$885.1K – $1.18M
NOI $70,811 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 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 $1,099,000.
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
