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Multifamily

709 E Santa Fe Ave

709 E Santa Fe Ave, Fullerton, CA 92831

Listing Price: $2,125,000

Cap Rate
4.52%
Number of Units
6
GRM
14.89
Price/Unit
$354,167
Price/Gross SF
$479.68
Gross SF
4,430

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 709 East Santa Fe Avenue, 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.

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 709 East Santa Fe Avenue.

Investment Highlights

  • Offers Spacious One-Bedroom Floor Plans
  • Gated Pedestrian Access Leading to a Common-Area Courtyard
  • On-Site Laundry Facility
  • Ample Garage Parking: 6 Garage Spaces
  • Attractive Location, Just East of the Plethora of Dining & Entertainment Options in Downtown Fullerton
  • Within 0.40 Miles of Fullerton College, a Major Economic & Housing Driver for the Area
  • Within a 1-Mile Radius of an Abundance of Retail Amenities at Fullerton Town Center, Orangefair Marketplace, & Fullerton Metrocenter
  • Just Over 1.50 Miles from California State University, Fullerton & Providence St. Jude Medical Center, Two of the City's Premier Employers with 3,000 & 1,000 Employees Respectively

Exclusively Listed By

Financing By

Multifamily

709 E Santa Fe Ave

Listing Price: $2,125,000

Cap Rate
4.52%
Number of Units
6
GRM
14.89
Price/Unit
$354,167
Price/Gross SF
$479.68
Gross SF
4,430

Investment Highlights

  • Offers Spacious One-Bedroom Floor Plans
  • Gated Pedestrian Access Leading to a Common-Area Courtyard
  • On-Site Laundry Facility
  • Ample Garage Parking: 6 Garage Spaces
  • Attractive Location, Just East of the Plethora of Dining & Entertainment Options in Downtown Fullerton
  • Within 0.40 Miles of Fullerton College, a Major Economic & Housing Driver for the Area
  • Within a 1-Mile Radius of an Abundance of Retail Amenities at Fullerton Town Center, Orangefair Marketplace, & Fullerton Metrocenter
  • Just Over 1.50 Miles from California State University, Fullerton & Providence St. Jude Medical Center, Two of the City's Premier Employers with 3,000 & 1,000 Employees Respectively

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 709 East Santa Fe Avenue, 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. 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 709 East Santa Fe Avenue.

Exclusively Listed By

Financing By

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