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2334 E Santa Fe Ave 8 Unit Apartment Building $2,139,000 ($267,375/Unit) 4.88% Cap Rate Fullerton, CA 92831
INVESTMENT HIGHLIGHTS
- Upside Potential - In-Place Rents are 15% Below Current Market Rates
- Recent Capital Improvements
- Located Close to California State University, Fullerton (0.9 Mi.) & Downtown Fullerton (2.0 Mi.)
- ADU Potential - Potential to Add ADUs on Top of Detached Garages
- On-Site Laundry Room & (1) Garage Space per Unit
EXECUTIVE SUMMARY
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.
PROPERTY FACTS Under Contract
| Price | $2,139,000 | Apartment Style | Low-Rise |
| Price Per Unit | $267,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 4.88% | Building Size | 5,008 SF |
| Gross Rent Multiplier | 13.29 | Average Occupancy | 97% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Price | $2,139,000 |
| Price Per Unit | $267,375 |
| Sale Type | Investment |
| Cap Rate | 4.88% |
| Gross Rent Multiplier | 13.29 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,008 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.6/1,000 SF |
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,725 | 626 |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 269-071-17 | Improvements Assessment | $0 |
| Land Assessment | $79,676 | Total Assessment | $79,676 |
PROPERTY TAXES
Parcel Number
269-071-17
Land Assessment
$79,676
Improvements Assessment
$0
Total Assessment
$79,676
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2334 E Santa Fe Ave
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