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709 E Santa Fe Ave, Fullerton, CA 92831
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709 E Santa Fe Ave Fullerton, CA 92831

$2,125,000
  • 6 Beds
  • 6 Baths
  • 4,430 Sq.Ft.
For Sale
$2,125,000 Get Pre-Qualified
Map preview of 709 E Santa Fe Ave, Fullerton, CA 92831

Property Overview: 709 E Santa Fe Ave Fullerton, CA has 6 bedrooms, 6 bathrooms, 4,430 living square feet and 7,840 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 709 East Santa Fe Avenue is a 6-unit multifamily investment property located in Fullerton, California. Built in 1960, 709 East Santa Fe Avenue offers six, spacious one-bedroom floor plans measuring approximately 738 square feet. The property features amenities including gated pedestrian access, a large community courtyard, an on-site laundry facility and ample garage parking. 709 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 709 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.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 8 minutes ago | Last updated: March 13th, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
7,840
HOA Dues
$0/mo
Year built
1960
Garage
6 Car
Property Type:
Apartment
Status
Active
MLS#
OC24050264
City
Fullerton
County
Orange
Time on Site
50 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $11,892
  • Total Rent: $11,892
  • Pro Forma/Market Rent: $13,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.52%
  • Gross Rent Multiplier: 14.71
  • Gross Scheduled Income: $142,704
  • Net Operating Income: $95,944
  • Gross Operating Income: $138,423
  • Vacancy Allowance: $4,281
  • Other Income 1: $1,800
  • Other Income Description: Misc
Annual Expense Breakdown
  • Total Operating Expense: $44,279
  • Electric: $2,038
  • Gas/Fuel: $2,038
  • New Taxes: $22,576
  • Trash: $2,038
  • Insurance: $3,600
  • Maintenance: $3,600
  • Professional Management: $0
  • Water/Sewer: $2,041
  • Other Expenses: $6,348
  • Other Expense Description: Misc

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Property Details for 709 E Santa Fe Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 03315407
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets of East Santa Fe Avenue & South Yale Avenue
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Fullerton Agent

Sale History for 709 E Santa Fe Ave

Last sold for $1,515,000 on July 24th, 2019

  • March, 2024

  • Mar 12, 2024

    Date

    Active

    CRMLS: OC24050264

    $2,125,000

    Price

  • December, 2023

  • Dec 26, 2023

    Date

    Canceled

    CRMLS: SR23132800

    $2,096,000

    Price

  • Jul 19, 2023

    Date

    Active

    CRMLS: SR23132800

    $2,096,000

    Price

  • Listing provided courtesy of CRMLS

    A 6 unit apartments great investment opportunity in Fullerton area, convenient access to 5,57 and 91 Frwy garage for each of the units. Property is well maintained, on site laundry for an extra income.

  • July, 2019

  • Jul 25, 2019

    Date

    Sold

    CRMLS: PW19050271

    $1,515,000

    Price

  • Mar 6, 2019

    Date

    Active

    CRMLS: PW19050271

    $1,525,000

    Price

  • Listing provided courtesy of CRMLS

    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

  • July, 2019

  • Jul 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,515,000

    Price

  • July, 2017

  • Jul 25, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

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Tax History for 709 E Santa Fe Ave

Assessed Value (2020): $1,119,272
Year Land Value Improved Value Assessed Value
2020 $1,007,345 $111,927 $1,119,272

Home Value Compared to the Market

This property vs the competition

709 E Santa Fe Ave is listed 113.57% higher than the median list price for the city of Fullerton which has a median list price of $995,000. The median price per/sqft for Fullerton is $583 and this home is listed at $479.68 per/sqft which puts the price per square foot 17.72% lower than the median price per square foot for the city of Fullerton.

About 709 E Santa Fe Ave

Detailed summary of property

709 E Santa Fe Ave is a apartment located in Fullerton, CA 92831 and is currently for sale. This apartment offers 6 bedrooms, 6 bathrooms, roughly 4,430 living square feet, and sits on an approximately 7,840 square foot lot. 709 E Santa Fe Ave was first listed on ArdentRealEstateGroup.com on March 12, 2024. The homeowner is currently asking $2,125,000. The median priced home in Fullerton is $995,000 with a median price per square foot of $583. Based on Ardent Real Estate Group's Fullerton Market Data, this home is listed 113.57% higher than the median priced home. Local competing homes currently for sale include 231 S Laxore St, 119 S Delano St and 2026 N Park Ln. While the average home in Fullerton, CA is selling in 41 days, 709 E Santa Fe Ave has a days on market of 39 days. There are currently 176 homes for sale in the Fullerton real estate market and 127 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 709 E Santa Fe Ave Fullerton, CA 92831 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 709 E Santa Fe Ave

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
4,430
Lot Size
8,166
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
13
APN
033-154-07

The source for these homes facts are from public records.

92831 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$950,000
Median List Price/Sq.Ft.
$551
Median Sold Price
$1,300,000
Median Sold Price/Sq.Ft.
$644
Total Inventory
51
Median Sale to List Price %
114.54%
Avg Days on Market
21
Loan Type
Conventional (21.05%), FHA (5.26%), VA (0%), Cash (52.63%), Other (21.05%)

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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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