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Listed by Tyler Leeson, DRE #01451551 • Marcus & Millichap RE Invest
$ 2,145,000
Est. payment | /mo
$ 2,145,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25276298
Year Built 1962
Source California Regional MLS
Property Description
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 property offers a 5.72% cap rate on current rents, providing immediate, in-place cash flow. 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. All 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. Furthermore, the property was repiped with copper plumbing in 2019, further reducing near-term capital expenditure risk. All units received full renovations, 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 app
Location
State CA
County Orange
Area 83 - Fullerton
Interior
Laundry Washer, Dryer
Exterior
Garage Spaces 6.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 03315408
Special Listing Condition Not Applicable
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