2334 E Santa Fe Ave - Apartments FOR SALE


Fullerton, CA 92831
$2,239,000 USD
714-616-0689
2334 E Santa Fe Ave, Fullerton, CA for Sale
$2,239,000 USD
Apartments - FOR SALE
1/9
null | 4.2% Cap Rate

2334 E Santa Fe Ave
Fullerton, CA 92831


HIGHLIGHTS

  • Upside Potential - In-Place Rents are 15% Below Current Market Rates
  • ADU Potential - Potential to Add ADUs on Top of Detached Garages
  • Recent Capital Improvements
  • On-Site Laundry Room & (1) Garage Space per Unit
  • Located Close to California State University, Fullerton (0.9 Mi.) & Downtown Fullerton (2.0 Mi.)

OVERVIEW

2334 E. Santa Fe Avenue is an 8-unit value-add multifamily investment opportunity located on a corner lot in a quiet residential street on ± 10,408 sf of land with ± 5,008 rentable sf. The property has been well maintained over the past twenty years by current ownership. A new buyer has the potential to add significant value to the property by building additional dwelling units (ADUs) on top of the detached garages. The property has undergone recent renovations including new exterior paint (2023), new windows throughout, entire property re-piped (2025), and select units renovated with new laminate flooring, kitchen cabinets and countertops, paint and tile in the bathrooms.

FOR SALE DETAILS

PRICE

$2,239,000 USD

PRICE/SF

$447 USD /SF

# OF UNITS

8

PRICE/UNIT

$279,875

CAP RATE

4.2%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,911 SF

ZONING

-

APN/PARCEL ID

269-071-17

ASK ABOUT THIS PROPERTY

714-616-0689

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714-616-0689

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