705 E Santa Fe Avenue

Fullerton, CA 92831

$1,525,000

Sold Price
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1962

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Property Description

705 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.

Listing Information

Close Price $1,525,000
Close Date Wednesday, September 18th, 2024
Status Closed
MLS OC24152840
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1962
Lot Size 6,970
Structure Size N/A
DOM 19
Courtesy Of Marcus & Millichap RE Invest
Listing Agent Tyler Leeson DRE#01451551

Interior Features

Laundry Information
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Bedrooms N/A
Total Bathroom
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Exterior Information

Maps

Listing information courtesy of: Tyler Leeson, Marcus & Millichap RE Invest . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 19th, 2024 at 6:02 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.