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1617 Cedar St1 / 12 · Click to zoom

About this home

We are pleased to present 1617 S. Cedar Street, a four-unit investment opportunity located in the heart of Central Santa Ana. The property features an attractive unit mix of three two-bedroom/one-bath homes, including three single-story units and one large one bedroom unit over garage offering tenants the feel of individual home living rarely found in multi-family housing. Each unit includes its own private garage, in-unit laundry hookups, and all units are separately metered for gas and electric resulting in zero utility expense for the owner. Three of the four units feature large fenced private patios. Additional street and alley parking provides tenants convenience beyond their individual garages. The alley has recently been repaved in concrete, reducing future maintenance costs. The property is ideally situated in Central Santa Ana's supply-constrained rental market, offering investors stable long-term demand fundamentals. Tenants enjoy convenient access to numerous recreational parks within two miles, top-rated schools nearby, and some of Southern California's premier shopping, dining, and entertainment at South Coast Plaza just minutes away. Commuters benefit from immediate proximity to the 55 Freeway and are just five miles from John Wayne Airport, providing seamless connectivity throughout the Southern California region and beyond.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$1,050,000 · Oct 2018
📋 Assessed value$1,171,292
💵 Annual tax$14,221
🏫 School districtSanta Ana Unified School District

MLS #PW26160740

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

Estimate your monthly payment. Adjust the numbers to fit your budget.

Down payment %
Interest rate %
Loan term (yrs)
Property tax %/yr
Home insurance %/yr
Estimated total monthly payment
$7,831
Principal & interest$6,321
Property tax$1,146
Home insurance$365
Down payment: $250,000Loan: $1,000,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.