Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
4 in this area
144 Total Sales
705 E Santa fe Ave Fullerton, CA 92831
2
Beds
1
Bath
4,750
Sq Ft
6,970
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- Level Lot
- Fullerton Union High School Rated A
About This Home
As of September 2024705 East Santa Fe Avenue is a 5-unit multifamily investment property located in Fullerton, California. Built in 1962, 705 East Santa Fe Avenue offers five, spacious two-bedroom floor plans measuring approximately 950 square feet. Additionally, the property features ample garage parking with a total of six spaces. Current ownership has completed capital improvements including repiping all units with copper plumbing in 2019, replacing the central metal staircase, and partially upgrading multiple units. 705 East Santa Fe Avenue has an attractive Fullerton location, within walking distance of Downtown Fullerton, providing residents with convenient access to a plethora of shopping, dining, and entertainment options. The property benefits from its close proximity, just 0.40 miles, to Fullerton College, a major economic and housing driver for the area. Additionally, residents enjoy easy access to an abundance of everyday needs at Fullerton Town Center, Orangefair Marketplace, and Fullerton Metrocenter, conveniently located within a 1-mile radius of 705 East Santa Fe Avenue. Furthermore, the property is just over 1.50 miles from both California State University, Fullerton (CSUF), and Providence, St. Jude Medical Center, two of the city’s premier employers with 3,000 and 1,000 employees respectively, per the city’s 2023 Annual Comprehensive Financial Report. Given the strength of the overall apartment market within the city of Fullerton, the property offers an investor the ability to capture quality tenants seeking an optimal location with access to a wide variety of activities, retail amenities, employment opportunities, and transportation. This overall demand for well-located apartments will be a key driver in the continued growth at 705 East Santa Fe Avenue.
Last Agent to Sell the Property
Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 07/25/2024
Last Buyer's Agent
Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 07/25/2024
Property Details
Home Type
- Apartment
Year Built
- Built in 1962
Lot Details
- 6,970 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 6 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,750 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 12
- Tax Tract Number 1873
- Assessor Parcel Number 03315408
- $1,293 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,436
- Fuel Expense $2,433
- Insurance Expense $4,461
- Maintenance Expense $3,000
- Other Expense $4,793
- Trash Expense $2,433
- Water Sewer Expense $2,433
- New Taxes Expense $18,167
- Operating Expense $40,156
- Gross Income $95,940
- Net Operating Income $52,906
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2024 09/18/24 | Sold | $1,525,000 | -10.8% | $321 / Sq Ft |
| 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)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Tyler Leeson
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24152840
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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