About this home

We are pleased to present 1609 S. Cedar Street, a three-unit investment opportunity located in the heart of Central Santa Ana. The property features an attractive unit mix of one single-story two-bedroom/one-bath home and two townhouse-style two-bedroom/one-and-a-half-bath units - offering tenants a distinctive living experience rarely found in multi-family housing. Each unit includes its own private garage, with one unit featuring direct interior garage access, and all units offer large fenced private patios and in-unit washer and dryer hookups. All units are separately metered for gas and electric - resulting in zero utility expense for the owner. Additional street and alley parking provides tenants convenience beyond their individual garages. Two of the three units have received nearly complete interior renovations including new drywall, flooring, granite countertops, new cabinetry, updated kitchen and bathroom fixtures, gas range, and forced air heating and cooling. The exterior has also been upgraded with new windows throughout, enhancing curb appeal and energy efficiency. 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.

Facts and features

Schools

• Thomas A. Edison Elementary School

  elementary · K-5 · 0.6 mi

  3

• Century High School

  high · 9-12 · 0.6 mi

  4

• Julia C. Lathrop Intermediate School

  middle · 6-8 · 0.8 mi

  3

• St. Anne

  elementary · K-8 · 0.6 mi

• Madison Elementary School

  elementary · K-6 · 0.2 mi

  5

• John F. Kennedy Elementary School

  elementary · K-5 · 0.5 mi

  3

Price history

• Oct 13, 2026 · Price Changed$1,000,000
• Aug 22, 2026 · Price Changed$1,015,000
• Aug 7, 2026 · Price Changed$1,025,000
• Jul 17, 2026 · Listed$1,050,000
• Jul 17, 2017 · Sold$800,000
• Jun 8, 2017 · Relisted$825,000
• May 25, 2017 · Listing Removed$825,000
• May 2, 2017 · Listed$825,000

Tax history

• 2025$11,025 tax · $928,466 assessed
• 2024$10,738 tax · $910,261 assessed
• 2023$10,473 tax · $874,915 assessed
• 2022$10,364 tax · $857,760 assessed
• 2021$10,123 tax · $840,942 assessed
• 2020$10,143 tax · $832,320 assessed
• 2019$9,945 tax · $816,000 assessed
• 2018$9,565 tax · $800,000 assessed

Home value

$1,005,000

• Collateral Analytics$1,005,000
• Quantarium$983,430

Where it is