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2700 Santiago Rd, Fullerton, CA 92835
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2700 Santiago Rd Fullerton, CA 92835

$1,660,000 Sold Price as of 04/06/2020
  • 9 Beds
  • 8 Baths
  • 5,246 Sq.Ft.
Sold
$1,660,000 Sold Price as of 04/06/2020 Refinance Your Mortgage
Map preview of 2700 Santiago Rd, Fullerton, CA 92835

Property Overview: 2700 Santiago Rd Fullerton, CA has 9 bedrooms, 8 bathrooms, 5,246 living square feet and 10,797 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Santiago Road apartment homes is a huge 4-plex nestled in the sought after Rolling Hills neighborhood in Fullerton. This rarely available asset features large 2 and 3 bedroom units which combine for a building square footage of over 5,200 square feet and sit atop a 10,797 square foot lot located at the end of a quiet cul-de-sac. Individual apartment amenities include gas forced air heating, central or wall air conditioning, a spacious kitchen, stone counters, updated kitchens and bathrooms, free cable TV, a balcony or patio, and have two private single-car enclosed garages. Additionally there is an onsite laundry facility, and 13 parking spaces - 8 garages and 5 open spaces. The property has been owned by the same family for over 30 years and operated with great care and consistent attention to its maintenance needs. The Santiago Road apartment homes are a turn-key asset located within a destination neighborhood in Fullerton that will be desirable for renters for years to come.

Listed by Michael Arp | BRE #01488586 | Morgan Skenderian
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
10,797
HOA Dues
$0/mo
Year built
1966
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20031261
City
Fullerton
County
Orange
Time on Site
1393 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,925
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,875
  • Total Rent: $1,875
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.53%
  • Gross Rent Multiplier: 17.13
  • Gross Scheduled Income: $97,500
  • Net Operating Income: $58,957
  • Gross Operating Income: $94,575
  • Vacancy Allowance: $2,925
Annual Expense Breakdown
  • Total Operating Expense: $35,618
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $18,080
  • Trash: $0
  • Cable TV: $4,680
  • Gardener: $1,200
  • Insurance: $2,475
  • Maintenance: $2,837
  • Water/Sewer: $0
  • Other Expenses: $5,135
  • Other Expense Description: Utility

Property Details for 2700 Santiago Rd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Range
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Mansard
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Garage Faces Rear
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 28404116
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: North of Bastanchury Road and East of Brea Boulevard
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Fullerton Agent

Sale History for 2700 Santiago Rd

Last sold for $1,660,000 on April 6th, 2020

  • April, 2020

  • Apr 6, 2020

    Date

    Sold

    CRMLS: PW20031261

    $1,660,000

    Price

  • Mar 6, 2020

    Date

    Pending

    CRMLS: PW20031261

    $1,670,000

    Price

  • Feb 12, 2020

    Date

    Active

    CRMLS: PW20031261

    $1,670,000

    Price

  • April, 2020

  • Apr 6, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,660,000

    Price

  • November, 2019

  • Nov 25, 2019

    Date

    Leased

    CRMLS: CV19265496

    $1,895

    Price

  • Nov 15, 2019

    Date

    Active

    CRMLS: CV19265496

    $1,895

    Price

  • Listing provided courtesy of CRMLS

    Terrific location available NOW! This home features 2 good sized bedrooms, 1.5 baths, plenty of storage space, a large eating area in kitchen, an open floor plan, and a separate laundry room just for 4 units.Also has a private enclosed patio area. Garage parking for 2 vehicles. Walking distance to trails and parks! Water and Trash included! Apply today for free!

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Tax History for 2700 Santiago Rd

Assessed Value (2020): $179,819
Year Land Value Improved Value Assessed Value
2020 $37,762 $142,057 $179,819

Home Value Compared to the Market

This property vs the competition

2700 Santiago Rd sold on April 6, 2020 for 47.79% higher than the current median sold price for the city of Fullerton which is $1,130,000. The median sold price per/sqft for Fullerton is $616 and this home is sold at $318.34 per/sqft which puts the price per square foot 48.32% lower than the current median sale per square foot for the city of Fullerton.

About 2700 Santiago Rd

Detailed summary of property

2700 Santiago Rd is a multi family that recently sold in Fullerton, CA 92835. This multi family property offered 9 bedrooms, 8 bathrooms, roughly 5,246 living square feet, and sits on an approximately 10,797 square foot lot. 2700 Santiago Rd was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $1,660,000. Home in Fullerton are selling for a median price of $1,130,000 and a median price per square foot of $616. Based on Ardent Real Estate Group's Fullerton Market Data, this home is sold 47.79% higher than the current median priced home. Local homes that are currently for sale include 12304 La Pomelo Rd, 6052 Homewood Ave and 6052 Homewood Ave. While the average home in Fullerton, CA is selling in 40 days, 2700 Santiago Rd has a days on market of 22 days. There are currently 179 homes for sale in the Fullerton real estate market and 130 of them are single family homes while 37 of them are condos and 12 are townhomes. For more information on this home for sale at 2700 Santiago Rd Fullerton, CA 92835 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 2700 Santiago Rd

Public county record property details
Beds
--
Baths
--
Year built
1966
Sq. Ft.
5,246
Lot Size
10,797
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
28
APN
284-041-16

The source for these homes facts are from public records.

92835 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,250,000
Median List Price/Sq.Ft.
$571
Median Sold Price
$1,400,000
Median Sold Price/Sq.Ft.
$577
Total Inventory
44
Median Sale to List Price %
107.69%
Avg Days on Market
9
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (41.67%), Other (41.67%)

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Recently Sold Homes Near 2700 Santiago Rd

2725 Santiago Rd, Fullerton, CA 92835
$1,850,000 Last Sold Price
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7 Baths
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2725 Santiago Rd
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2733 Santiago Rd, Fullerton, CA 92835
$1,610,000 Last Sold Price
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2733 Santiago Rd
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1241 E Bastanchury Rd, Fullerton, CA 92835
$1,765,000 Last Sold Price
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2740 Brea Blvd, Fullerton, CA 92835
$1,800,000 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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