705 E Santa fe Ave Fullerton, CA 92831
Estimated payment $12,445/month
Highlights
- No HOA
- Laundry Room
- Level Lot
- Fullerton Union High School Rated A-
About This Home
705 East Santa Fe Avenue is a fully renovated five-unit multifamily property in Fullerton, California. The asset combines a desirable mix of larger floor plans with extensive 2025 upgrades, offering investors a turnkey opportunity in a high-demand North Orange County market. The community features three 2-bed/1-bath units, one 3-bed/1-bath unit, and one 4-bed/1-bath unit—layouts well-suited for families and long-term renters. The majority of units underwent a comprehensive renovation in 2025, and all units benefit from updated finishes, modern ceiling fans, and numerous contemporary improvements. The property provides six garage spaces, a competitive advantage in this submarket. Furthermore, the property was repiped with copper plumbing in 2019, further reducing near-term capital expenditure risk. Four units received full renovations in 2025, with upgrades including new vinyl flooring throughout, tile bathroom flooring, quartz countertops, shaker-style cabinets, all-in-one washer/dryers, stainless steel appliances, tile backsplashes, modern lighting and fixtures, and refinished bathrooms with new vanities. The renovated four-bedroom unit features new vinyl flooring, shaker-style cabinets, stainless steel appliances, and a granite countertop, along with a private laundry room created from the former community laundry area. Most windows throughout the property have been upgraded to dual-pane. 705 East Santa Fe Avenue is centrally located within one mile of several major Fullerton demand drivers, including Downtown Fullerton, the Fullerton Transportation Center, Fullerton Union High School, and Fullerton College. Residents also enjoy proximity to three major shopping centers at Harbor Boulevard and Orangethorpe Avenue (Fullerton Metrocenter, Orangefair Marketplace, and Fullerton Town Center). California State University, Fullerton lies just over 1.5 miles away, enhancing long-term renter demand.
Listing Agent
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 12/15/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1962
Lot Details
- 7,405 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 6 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 5,150 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 12
- Tax Tract Number 1873
- Assessor Parcel Number 03315408
- $1,385 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Building Details
- 5 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $2,750
- Fuel Expense $2,750
- Insurance Expense $5,000
- Maintenance Expense $4,500
- Trash Expense $2,750
- Water Sewer Expense $2,750
- New Taxes Expense $24,989
- Operating Expense $50,874
- Gross Income $177,300
- Net Operating Income $121,107
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,340 | $1,525,000 | $1,339,354 | $185,646 |
| 2024 | $6,340 | $468,938 | $265,910 | $203,028 |
| 2023 | $6,177 | $459,744 | $260,696 | $199,048 |
| 2022 | $6,113 | $450,730 | $255,584 | $195,146 |
| 2021 | $6,012 | $441,893 | $250,573 | $191,320 |
| 2020 | $5,974 | $437,362 | $248,003 | $189,359 |
| 2019 | $5,843 | $428,787 | $243,140 | $185,647 |
| 2018 | $5,758 | $420,380 | $238,373 | $182,007 |
| 2017 | $5,666 | $412,138 | $233,699 | $178,439 |
| 2016 | $5,556 | $404,057 | $229,116 | $174,941 |
| 2015 | $5,412 | $397,988 | $225,674 | $172,314 |
| 2014 | $5,264 | $390,192 | $221,253 | $168,939 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/15/2025 12/15/25 | For Sale | $2,295,000 | +50.5% | $446 / Sq Ft | |
| 09/18/2024 09/18/24 | Sold | $1,525,000 | -10.8% | $321 / Sq Ft | View Prior Sale |
| 08/13/2024 08/13/24 | Pending | -- | -- | -- | |
| 07/25/2024 07/25/24 | For Sale | $1,710,000 | -- | $360 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25276298
- 124 N Princeton Ave
- 521 E Patterson Way
- 22 Magnolia Viaduct
- 13 Palm Viaduct
- 14 Palm Viaduct
- 1105 E Walnut Ave
- 227 N Yale Ave
- 111 N Stanford Ave
- 7 Magnolia Viaduct
- 26 Magnolia Viaduct
- 39 Pine Viaduct
- 15 Pine Viaduct
- 34 Pine Viaduct
- 530 N Stanford Ave
- 501 E Orangethorpe Ave Unit 31
- 436 E Elm Ave
- 47 Fir Viaduct
- 575 N Lincoln Ave
- 37 Elm Viaduct
- 1318 Victoria Dr Unit B
- 146 S Princeton Ave Unit 4
- 145 N Lincoln Ave Unit B
- 11 Palm Viaduct
- 204 S Raymond Ave
- 1301 E Commonwealth Ave
- 41 Spruce Viaduct
- 201 N Montague Ave Unit A
- 604 Princeton Cir W
- 36 Maple Viaduct
- 770 S Harbor Blvd
- 1410 Central Ave Unit A
- 1410 Central Ave Unit 1410 Central Ave
- 400 N Acacia Ave Unit C16
- 140 W Hill Ave
- 136 W Union Ave Unit 11
- 320 W Truslow Ave Unit D
- 251 Orangefair Ave
- 1200 S Highland Ave
- 2017 E Whiting Ave Unit H
- 370-370 W Truslow Ave Unit 358-3