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 all two-bedroom/one-bath homes, including three single-story units and one 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.
Under contract
Listed by: Hoyt Real Estate, Inc. • Matthew Hoyt • Contact: 949-283-1696
Price cut: $25K (8/18)
$1,200,000
1617 Cedar St, Santa Ana, CA 92707
8beds
4baths
3,279sqft
Quadruplex
Built in 1963
-- sqft lot
$-- Zestimate®
$366/sqft
$-- HOA
What's special
- 79 days
- 379
- 21
Zillow last checked:
Listing updated:
Listed by:
Matthew Hoyt DRE #01426139 949-283-1696,
Hoyt Real Estate, Inc.
Source: CRMLS,MLS#: PW26160740
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,279
- Total interior livable area: 3,279 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 6,970 Square Feet
Details
- Parcel number: 01424228
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Sewer Tap Paid
- Water: Public
Community & HOA
Community
- Features: Urban
- Subdivision: Evergreen
Location
- Region: Santa Ana
Financial & listing details
- Price per square foot: $366/sqft
- Tax assessed value: $1,194,717
- Date on market: 7/23/2026
- Cumulative days on market: 79 days
- Listing terms: Cash,Cash to New Loan
Estimated market value
Not available
Estimated sales range
Not available
$2,120/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2026 | Contingent | $1,200,000$366/sqft |
Source: | ||
| 8/18/2026 | Price change | $1,200,000-2%$366/sqft |
Source: | ||
| 8/7/2026 | Price change | $1,225,000-2%$374/sqft |
Source: | ||
| 7/23/2026 | Listed for sale | $1,250,000+19%$381/sqft |
Source: | ||
| 11/28/2018 | Sold | $1,050,000$320/sqft |
Source: Public Record Report a problem | ||
| 9/20/2018 | Pending sale | $1,050,000$320/sqft |
Source: Drouin Realty #PW18105100 Report a problem | ||
| 9/19/2018 | Price change | $1,050,000-4.5%$320/sqft |
Source: Drouin Realty #PW18105100 Report a problem | ||
| 8/20/2018 | Price change | $1,100,000-4.3%$335/sqft |
Source: Drouin Realty #PW18105100 Report a problem | ||
| 7/6/2018 | Listed for sale | $1,150,000$351/sqft |
Source: Drouin Realty #PW18105100 Report a problem | ||
| 6/18/2018 | Pending sale | $1,150,000$351/sqft |
Source: Drouin Realty #PW18105100 Report a problem | ||
| 5/4/2018 | Listed for sale | $1,150,000$351/sqft |
Source: Drouin Realty #PW18105100 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,194,717 +2% |
| 2025 | $14,220 +2.7% | $1,171,292 +2% |
| 2024 | $13,850 +2.5% | $1,148,326 +2% |
| 2023 | $13,509 +1.1% | $1,125,810 +2% |
| 2022 | $13,367 +2.4% | $1,103,736 +2% |
| 2021 | $13,056 -0.2% | $1,082,095 +1% |
| 2020 | $13,082 | $1,071,000 +2% |
| 2019 | $13,082 +2% | $1,050,000 +869.9% |
| 2018 | $12,827 +498.9% | $108,261 +2% |
| 2017 | $2,142 | $106,139 +2% |
| 2016 | $2,142 +1.7% | $104,058 +1.5% |
| 2015 | $2,106 +3.3% | $102,495 +2% |
| 2014 | $2,038 | $100,488 +0.5% |
| 2013 | -- | $100,034 +2% |
| 2012 | -- | $98,073 +2% |
| 2011 | -- | $96,150 +0.8% |
| 2010 | -- | $95,432 -0.2% |
| 2009 | -- | $95,660 +2% |
| 2008 | -- | $93,785 +2% |
| 2007 | -- | $91,947 +2% |
| 2006 | -- | $90,145 +2% |
| 2005 | -- | $88,378 +2% |
| 2004 | -- | $86,646 +1.9% |
| 2003 | -- | $85,058 +2% |
| 2002 | -- | $83,391 +2% |
| 2001 | $1,077 +0.2% | $81,756 +2% |
| 2000 | $1,074 | $80,153 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Cedar Evergreen Co-Op
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