NOT LISTED FOR SALE

709 E Santa fe Ave Fullerton, CA 92831

1 Bed
1 Bath
4,428 Sq Ft
8,166 Sq Ft Lot

Last Sold July 24, 2019

Last sale price $1,515,000 $342 Per Sq Ft

117 Days on Market

About This Home

As of July 2019

We are pleased to offer 709 E. Santa Fe Avenue, a 6-unit investment opportunity in the desirable city of Fullerton. The city of Fullerton has an exceptionally strong rental market due such factors as being home to California State University, Fullerton, Fullerton Junior College, St. Jude Medical Center and convenient freeway access to the 5, 57 & 91 freeways allowing residents easy access to Orange and Los Angeles Counties.

The investment opportunity at 709 E. Santa Fe Avenue has recently been expensively and beautifully renovated inside and out. The exterior features new paint, landscaping, vinyl windows and fencing. Tenants enjoy remodeled interiors with new kitchens, bathrooms, new interior paint, and new flooring. Tenants also enjoy a large community courtyard, garage parking and on-site laundry. Along with being extensively remodeled inside and out, 709 E. Santa Fe Avenue offers upside potential that is not subject to rent control, making this an excellent investment opportunity.
*Absolute Pride of Ownership, Turn-Key Property, *Major Renovation Completed on Exterior and Interiors, *2:1 Parking Ratio with Garages for Every Unit, *Copper Plumbing, *New Air Conditioning Units, *Excellent Rental Location Less than One Mile From Downtown Fullerton

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 03/06/2019

Last Buyer's Agent

Waldina Palacios

WP Real Estate and Home Loans License #01271683

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,166 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 6 Open Parking Spaces
  • 6 Car Garage

Interior Spaces

  • 4,428 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 1873
  • Assessor Parcel Number 03315407

Community Details

Building Details

  • 7 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,500
  • Maintenance Expense $5,382
  • Other Expense $6,000
  • New Taxes Expense $18,300
  • Operating Expense $32,582
  • Gross Income $1,440
  • Net Operating Income $71,829

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.70
  • Other Phone Description: Office Phone
  • Other Phone Number: 949-251-8800
  • Property Attached: No
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 03315407
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 342.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8166.00
  • Lot Size Acres: 0.1875

Multi Family

  • Gross Income: 1440.00
  • Gross Multiplier: 14.17
  • Gross Operating Income: 104411.00
  • Gross Scheduled Income: 107640.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 8166.0000 Square Feet
  • Maintenance Expense: 5382.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 71829.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 32582.00
  • Operating Expense Percent: 30.30
  • Other Expense: 6000.00
  • Other Expense Description: Utility
  • Other Income1: 1440.00
  • Rent Control: No
  • Total Expenses: 32582.00
  • Vacancy Allowance: 3229
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18300.00
  • Tax Census Tract: 114.03
  • Tax Lot: 13
  • Tax Tract Number: 1873

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2019 07/24/19 Sold $1,515,000 -0.7% $342 / Sq Ft
03/06/2019 03/06/19 For Sale $1,525,000 -- $344 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2019

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    1 in this area

    20 Total Sales

    Section Image
  • Waldina Palacios

    Buyer's Agent in 2019

    Waldina Palacios

    WP Real Estate and Home Loans

    (818) 970-5994

    46 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19050271

California Regional Multiple Listing Service (CRMLS)

California Orange County Fullerton 92831

709 E Santa fe Ave, Fullerton, CA

This home is located at 709 E Santa fe Ave, Fullerton, CA 92831 since 06 March 2019. This property was built in 1960. 709 E Santa fe Ave is a home located in Orange County with nearby schools including Raymond Elementary School, Ladera Vista Junior High School, and Fullerton Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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