709 East Santa Fe Avenue

Fullerton, CA 92831

$2,125,000
Price
1
Beds
6
Baths
4,430 Sq. Ft.
$480 / Sq. Ft.
4,430
Sq. Ft.
$480
per Sq. Ft.

Description

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...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.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • 714-713-9086

Property Details for 709 East Santa Fe Avenue

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4430
Assessor Parcel Number
033-154-07
Property Attached YN
false

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551
Add your commute
LISTING UPDATED: 03/12/2024 09:13 AM

Property Details for 709 East Santa Fe Avenue

StatusActive
MLS #OC24050264
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
CountyOrange County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551
Add your commute

Building Information for 709 East Santa Fe Avenue

Building/Complex709 E Santa Fe AveFloor-Stories2Residences-Pet Policy-Year Built1960Building Size-

Payment Calculator

$13,136 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,597

Property Taxes

$1,539

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 709 East Santa Fe Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $144,504
  • Gross Scheduled Income: $142,704
  • Vacancy Allowance: 4281
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $138,423
  • Net Operating Income: $95,944
  • Other Income Description: Misc
  • Other Income 1: $1,800
  • Gross Multiplier: 14.71
  • Cap Rate: 4.52
Expense Details
  • Operating Expense: $44,279
  • Operating Expense Percent: 31.60%
  • New Taxes Expense: $22,576
  • Fuel Expense: $2,038
  • Electric Expense: $2,038
  • Insurance Expense: $3,600
  • Maintenance Expense: $3,600
  • Professional Management Expense: $0
  • Other Expense: $6,348
  • Other Expense Description: Misc
  • Trash Expense: $2,038
  • Water Sewer Expense: $2,041
  • Total Expenses: $44,279
Tax / Assessment Info
  • Tax Tract Number: 1873
  • Tax Census Tract: 114.03
  • CFD/Mello-Roos Fee: $1,548
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: First level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $11,892
  • Unit Type Total Rent: $11,892
  • Unit Type Pro Forma: 13200
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 709 East Santa Fe Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 709 East Santa Fe Avenue

Taxable ValueLand$1,382,299Additions$210,235Total$1,592,534
Tax Record2023$18,467 ($1,539 / month)
Home Facts
Total Finished SqFt4,430 SqFtAbove Grade Finished SqFt4,430 SqFtStories2Lot Size7,765 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyORANGEAPN033-154-07

Schools near 709 East Santa Fe Avenue

This home is within Fullerton Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Raymond Elementary School
PublicK to 6

Ladera Vista Junior High School
Public7 to 8

Fullerton Union High School
Public9 to 12

La Vista High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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709 East Santa Fe Avenue is a multi-family home for sale in Fullerton, CA 92831. This property was listed for sale on March 12, 2024 by Marcus & Millichap RE Invest, it's currently listed at $2,125,000. It has been on the market for a total of 46 days and was last sold on June 26, 2019. This listing's school districts are Fullerton Joint Union High School District, Fullerton Elementary School District. Nearby schools include Raymond Elementary School, Ladera Vista Junior High School and Fullerton Union High School. 709 East Santa Fe Avenue is a 1-bed, 6-bath, 4,430 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.