705 E Santa Fe Ave - Apartments FOR SALE


Fullerton, CA 92831
$2,295,000 USD
714-713-9086
705 E Santa Fe Ave, Fullerton, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/14
null | 5.33% Cap Rate

705 E Santa Fe Ave
Fullerton, CA 92831


HIGHLIGHTS

  • Desirable mix of larger 2-bed, 3-bed, and 4-bed layouts that attract families and long-term renters.
  • Four units fully renovated in 2025 with modern flooring, quartz counters, shaker cabinets, and stainless steel appliances.
  • Upgraded four-bedroom unit includes new interior finishes and its own private laundry room.
  • Property features six garage parking spaces, dual-pane windows, and updated interior improvements throughout.
  • Located within one mile of Downtown Fullerton, the Fullerton Transportation Center, and Fullerton Union High School.
  • Near Fullerton Metrocenter, Orangefair Marketplace, and Fullerton Town Center for daily retail and dining needs.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present 705 East Santa Fe Avenue, a fully renovated five-unit multifamily property in Fullerton, California. The asset combines a desirable mix of larger floor plans with extensive 2025 upgrades, offering investors a turnkey opportunity in a high-demand North Orange County market. The community features three 2-bed/1-bath units, one 3-bed/1-bath unit, and one 4-bed/1-bath unit—layouts well-suited for families and long-term renters. The majority of units underwent a comprehensive renovation in 2025, and all units benefit from updated finishes, modern ceiling fans, and numerous contemporary improvements. The property provides six garage spaces, a competitive advantage in this submarket. Four units received full renovations in 2025, with upgrades including new vinyl flooring throughout, tile bathroom flooring, quartz countertops, shaker-style cabinets, all-in-one washer/dryers, stainless steel appliances, tile backsplashes, modern lighting and fixtures, and refinished bathrooms with new vanities. The renovated four-bedroom unit features new vinyl flooring, shaker-style cabinets, stainless steel appliances, and a granite countertop, along with a private laundry room created from the former community laundry area. Most windows throughout the property have been upgraded to dual-pane. 705 East Santa Fe Avenue is centrally located within one mile of several major Fullerton demand drivers, including Downtown Fullerton, the Fullerton Transportation Center, Fullerton Union High School, and Fullerton College. Residents also enjoy proximity to three major shopping centers at Harbor Boulevard and Orangethorpe Avenue (Fullerton Metrocenter, Orangefair Marketplace, and Fullerton Town Center). California State University, Fullerton lies just over 1.5 miles away, enhancing long-term renter demand. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$446 USD /SF

# OF UNITS

5

PRICE/UNIT

$459,000

CAP RATE

5.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

2-MFD

APN/PARCEL ID

033-154-08

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.