Apartment buildings in Santa Fe Springs

What the buildings in Santa Fe Springs look like.

Santa Fe Springs leans toward larger buildings. 29 of the 50 parcels hold five units or more, which puts them in commercial lending and commercial pricing rather than the residential market.

The average parcel here holds 28 units. 8 parcels hold 50 units or more. The largest ones are listed further down this page, each with its own public record.

How old they are.

Half the apartment parcels in Santa Fe Springs were built in 1958 or earlier. 43 of 50, about 86%, went up in 1978 or before.

Across the 255 ZIP codes on this site that share is 89%, so Santa Fe Springs has a smaller share of older buildings than the average. Older buildings tend to carry the questions a buyer will ask about, like plumbing, electrical, the roof and whether the building needs a seismic retrofit.

Rent control in Santa Fe Springs.

The City of Los Angeles rent ordinance does not cover Santa Fe Springs. 43 of the parcels here were built in 1978 or earlier, and age is usually the first thing a local rent rule looks at.

Where a city has no rent rule of its own, the state cap in AB 1482 covers most buildings more than 15 years old. Check with Santa Fe Springs before you underwrite a rent roll, because local rules change.

How long owners hold.

The median Prop 13 base year for apartment parcels in Santa Fe Springs is 2004. A base year resets when a building sells, so an old one usually means the same owner or the same family has held it a long time.

13 parcels, 26%, still carry a base year of 1995 or earlier. The figure for all 255 ZIP codes here is 28%, so owners in Santa Fe Springs have held about as long as the average.

Long-held buildings often pay property tax on a value set decades ago. When they sell, the new owner is taxed on the price, which is part of why rents and expenses on these buildings need a close look before anyone sets a price.

How often buildings sell.

By last recorded transfer, 6 apartment parcels in Santa Fe Springs changed hands in 2022, 4 in 2023 and 1 in 2024.

That is 2.0% of the parcels here, against 7.3% across all 255 ZIP codes, so buildings here turned over less often than the average.

A building that sold twice in those years shows up once, in its later year, and a transfer is not always a sale at market. A move into a trust or between family members is recorded too.