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We are pleased to present this partially single story and townhouse style investment opportunity located in the City of Santa Ana. This property has a strong unit mix of one single story 2 bed / 1 bath, and two 2 bed / 1.5 bath townhouse style units. Each unit has a garage, and one unit has direct garage access to the unit. Two out of the three units have received almost complete interior upgrades, such as new drywall, flooring, granite counter tops, new cabinetry, new bathroom and kitchen fixtures, a gas range, and forced AC & Heater. The exterior of the building has also recently received upgrades, such as new windows throughout. Each unit is separately metered for gas and electric. The owner has no gas or electric bill. All three units also come with washer and dryer hookups. Each unit has its own large private fenced patio and has its own garage. There is also ample street and alley parking for tenants. This property offers investors a solid income property in the tight rental market of Santa Ana. 1609 S Cedar St has an excellent location in Central Santa Ana. Within two miles, tenants have access to numerous recreational parks. It is also minutes from Orange County's premier shopping, entertainment, and dining destinations, South Coast Plaza. The asset is also close to many schools. The property is minutes from the 55 freeway and just five miles from John Wayne Airport, giving tenants ease of access to travel within the Southern California region and beyond.
Listing agent: Mark Bridge DRE #01316702 mbridge@marcusmillichap.com, Listing office: Marcus & Millichap RE Invest
MLS data updated 11/2/2026, 8:39:01 PM PT
Source: CRMLS, MLS #: OC17095238
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 17, 2017
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92707 · Nov 2026
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No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.