NOT LISTED FOR SALE

713 E Santa fe Ave Fullerton, CA 92831

2 Beds
2 Baths
4,430 Sq Ft
7,841 Sq Ft Lot

Last Sold March 28, 2022

Last sale price $1,825,000 $412 Per Sq Ft

32 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • Laundry Room
  • Fullerton Union High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 6 Car Garage

About This Home

As of March 2022

713 E Santa Fe is located in central Fullerton. This 6 unit investment property is situated minutes from Downtown Fullerton, Fullerton College, Cal State Fullerton, Amtrak train station, St Jude Hospital, the 91 and 57 freeway, retail shopping, and eateries. Maintained and remodeled throughout the years making it comfortable for the long-term tenants who are accustomed to rent increases. Laundry facilities are located within the complex adjacent to the private courtyard. Parking is available with 3 2-car garages for the occupants. Current SGI $110,900 Pro Forma SGI $117,200

Last Agent to Sell the Property

Mark Lorico

Circle Real Estate Brokerage Email: mark@LoricoLegacyGroup.com License #01796968 Listed on: 01/28/2022

Last Buyer's Agent

Tony Banegas

TONY BANEGAS, BROKER License #01030142

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,430 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 14
  • Tax Tract Number 1873
  • Assessor Parcel Number 03315406
  • $1,482 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,085
  • Fuel Expense $1,498
  • Gardener Expense $2,100
  • Insurance Expense $1,852
  • Other Expense $2,200
  • Professional Management Expense $5,860
  • Trash Expense $1,500
  • Water Sewer Expense $4,970
  • New Taxes Expense $18,365
  • Operating Expense $38,550
  • Gross Income $111,720
  • Net Operating Income $72,371

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.02
  • Professional Management Expense: 5860.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4970.00
  • Property Type: Residential Income
  • Gardener Expense: 2100.00
  • Parcel Number: 03315406
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 411.96
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 1500.00
  • Water Source: Other
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 1085.00
  • Fuel Expense: 1498.00
  • Gross Income: 111720.00
  • Gross Operating Income: 111340.00
  • Gross Scheduled Income: 117200.00
  • Insurance Expense: 1852.00
  • Laundry Income: 2000.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 72371.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 38969.00
  • Operating Expense Percent: 35.00
  • Other Expense: 2200.00
  • Other Expense Description: Mtn
  • Rent Control: No
  • Total Actual Rent: 9075.00
  • Total Expenses: 38550.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 18365.00
  • Tax Census Tract: 114.03
  • Tax Lot: 14
  • Tax Tract Number: 1873
  • TaxOtherAnnualAssessmentAmount: 1482.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2022 03/28/22 Sold $1,825,000 0.0% $412 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/25/2022 02/25/22 Off Market $1,825,000 -- --
02/23/2022 02/23/22 For Sale $1,800,000 -1.4% $406 / Sq Ft
02/11/2022 02/11/22 Off Market $1,825,000 -- --
01/28/2022 01/28/22 For Sale $1,800,000 -- $406 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $21,854 $1,936,704 $1,777,653 $159,051
2024 $21,854 $1,898,730 $1,742,797 $155,933
2023 $21,325 $1,861,500 $1,708,624 $152,876
2022 $10,109 $798,396 $626,854 $171,542
2021 $9,939 $782,742 $614,563 $168,179
2020 $9,879 $774,716 $608,261 $166,455
2019 $9,647 $759,526 $596,334 $163,192
2018 $9,505 $744,634 $584,641 $159,993
2017 $9,350 $730,034 $573,178 $156,856
2016 $9,165 $715,720 $561,939 $153,781
2015 $8,920 $704,970 $553,498 $151,472
2014 $8,671 $691,161 $542,656 $148,505
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mark Lorico

    Circle Real Estate

    (562) 261-0900

    66 Total Sales

    Mark Lorico
    Section Image

  • T

    Buyer's Agent in 2022

    Tony Banegas

    TONY BANEGAS, BROKER

    (951) 538-5389

    21 Total Sales

    Tony Banegas
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22017879

California Regional Multiple Listing Service (CRMLS)
California Orange County Fullerton 92831

713 E Santa fe Ave, Fullerton, CA

Not Listed for Sale

MultiFamily

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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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