705 East Santa Fe Avenue

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Address: 705 E Santa Fe Ave, Fullerton, CA 92831, USA

California & West + Apartment Buildings

Created date: July 17, 2024

Date last updated: August 15, 2024

Exclusively 2 Bedroom / 1 Bath Floor Plans (950 sqft avg.)
First Time on the Market in 35+ Years
On-Site Laundry Room, Private Balconies, & Individual A/C Units
Recent Improvements: Building Repiped in 2019, Recent Replacement of Central Metal Staircase, & Multiple Units Partially Upgraded
6 Garage Parking Spaces
Closely Located to Downtown Fullerton & California State University, Fullerton

Property Description

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 705 East Santa Fe Avenue, 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.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,710,000
No. of Units:	5
Year Built:	1962
Lot Size:	0.16 Sq ft
Opportunity Zone:	No
Price per unit:	$342,000
Property Website	Click Here