705 E Santa fe Ave Fullerton, CA 92831
Estimated payment $12,372/month
Highlights
- No HOA
- Laundry Room
- Level Lot
- Fullerton Union High School Rated A-
About This Home
705 East Santa Fe Avenue, 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 property offers a 5.57% cap rate on current rents, providing immediate, in-place cash flow. 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. All 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. All units received full renovations, 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 $23,900
- Operating Expense $49,785
- Gross Income $177,300
- Net Operating Income $122,196
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/12/2026 05/12/26 | Price Changed | $2,195,000 | 0.0% | $426 / Sq Ft | |
| 05/12/2026 05/12/26 | For Sale | $2,195,000 | -2.2% | $426 / Sq Ft | |
| 05/06/2026 05/06/26 | Off Market | $2,245,000 | -- | -- | |
| 03/09/2026 03/09/26 | Price Changed | $2,245,000 | 0.0% | $436 / Sq Ft | |
| 03/09/2026 03/09/26 | For Sale | $2,245,000 | -2.2% | $436 / Sq Ft | |
| 03/03/2026 03/03/26 | Off Market | $2,295,000 | -- | -- | |
| 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
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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