705 E Santa Fe Avenue
Fullerton, CA, 92831 $ 2,295,000
Baths1.0 Sq 5,150 Monthly Estimate*
$ 14,318
Listed by Marcus & Millichap RE Invest
Studio for $2,295,000 with 1 full bath. This 5,150 square foot home was built in 1962 on a lot size of 0.17.
705 East Santa Fe Avenue is 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.
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FeaturesGeneralSewer Public Sewer
Appliances Dryer Washer
HOA Fee 0
Garage Spaces 6
Pool Features None
Year Built 1962
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 178500
Community Features Curbs Gutter(s) Street Lights Sidewalks
County Orange
Net Operating Income 122271
Operating Expense 50874
Insurance Expense 5000
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 4500
Subdivision Name Other
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Cross Streets of East Santa Fe Avenue & East Walnut Avenue
City Fullerton
Entry Location First level
Senior Community Y/N false
Number Of Units Total 5
MLS Area 83 - Fullerton
Lot Size Units Acres
Lot Size Square Feet 7405.2
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 2750
Fuel Expense 2750
Trash Expense 2750
Water Sewer Expense 2750
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 12
Property Sub Type Additional Apartment
Taxes 24989
Cap Rate 5.33
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InteriorTotal Stories 2
Common Walls No Common Walls
Entry Level 1
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ExteriorLot Features Street Level
Water Source Public
Total Parking 6
Lot Size Area 0.17
Number of Buildings 2
Building Area Total 5150
Lot Size Acres 0.17
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 5
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* Excluded FeaturesList ByMarcus & Millichap Re InvestBroker
tleeson@marcusmillichap.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $14,318
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Fullerton, CA
Average List Price $2,214,175
Percent of Sale Price 4%
About Fullerton, CA 139,502 Population
11% Since 2002
$ 70,499 Median Income
36.61 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/15/2025 | $2,295,000 | | Listed Price |