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2800 Santiago RD Fullerton, CA 92835
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Key Details
Sold Price $1,715,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW20232175
Sold Date 12/23/20
HOA Y/N No
Year Built 1966
Lot Size 9,147 Sqft
Property Description
We are pleased to present the Santiago Villas fourplex. The Santiago Villas is a pride of ownership multifamily apartment building located on a quiet cul-de-sac on the border of Brea & Fullerton, The subject property has approximately 5000 sf of living space which is extremely large and rare for a 4 unit apartment building. The unit mix is optimal with: 1 (3+2) single story owners unit with fireplace, patios (2) and washer /dryer hookups, 1 ( 2+2) single story unit with patio and 2 (2+2) walk-up units. Currently the owner/seller occupies the 3 bedroom and would like to rent back said unit for 6 months after the close of escrow. The tenant amenities include: Central AC/Heat all Units, 8 garage spaces & 3 open parking spaces, common laundry room with coin-op owned machines (that are included in the sale), and separate gas and electric meters for each unit. The units have undergone many renovations; in the interior these include new cabinetry, quartz/granite counter tops, appliances, luxury plank flooring, paint and more; on the exterior these include: new concrete parking stalls and garage apron, newer exterior paint and more. $104,760. actual gross rents with upside to $114,780 annual gross on market rents. Priced to sell competitively with a model match closing in the same price tract on 10/26/20 with similar renovations and rents, but the comp had arguably an inferior location in the tract located on highly trafficked Bastanchury Road.
Location
State CA
County Orange
Area 83 - Fullerton
Zoning R3
Interior
Interior Features Ceiling Fan(s), Tile Counters, Attic
Heating Forced Air
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Tile, Vinyl
Fireplaces Type Family Room, Outside
Fireplace Yes
Appliance Dishwasher, Disposal
Laundry Common Area
Exterior
Exterior Feature Rain Gutters
Parking Features Garage Faces Rear
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Biking, Curbs, Gutter(s)
Utilities Available Electricity Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Composition
Total Parking Spaces 13
Private Pool No
Building
Lot Description 2-5 Units/Acre, Sprinklers In Front, Sprinkler System
Story 2
Entry Level Two
Foundation Slab
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 28404109
Security Features Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Daniel Blackwell • CB Richard Ellis, Inc.