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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000086759-03-000017.txt : 20030529
<SEC-HEADER>0000086759-03-000017.hdr.sgml : 20030529
<ACCEPTANCE-DATETIME>20030529094350
ACCESSION NUMBER:		0000086759-03-000017
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030528
FILED AS OF DATE:		20030529

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SANTA FE FINANCIAL CORP
		CENTRAL INDEX KEY:			0000086759
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTORS, NEC [6799]
		IRS NUMBER:				952452529
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		820 MORAGA DRIVE
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90049
		BUSINESS PHONE:		(310) 889-2500

	MAIL ADDRESS:	
		STREET 1:		820 MORAGA DRIVE
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90049

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			INTERGROUP CORP
		CENTRAL INDEX KEY:			0000069422
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATORS OF APARTMENT BUILDINGS [6513]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-06877
		FILM NUMBER:		03722503

	BUSINESS ADDRESS:	
		STREET 1:		820 MORAGA DRIVE
		STREET 2:		-
		CITY:			LOS ANGELES,
		STATE:			CA
		ZIP:			90049-1632
		BUSINESS PHONE:		(310) 889-2500

	MAIL ADDRESS:	
		STREET 1:		820 MORAGA DRIVE
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90049-1632

	FORMER NAME:	
		FORMER CONFORMED NAME:	MUTUAL REAL ESTATE INVESTMENT TRUST
		DATE OF NAME CHANGE:	19860408
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>

<ownershipDocument>

    <documentType>4</documentType>

    <periodOfReport>2003-05-28</periodOfReport>


    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000086759</issuerCik>
        <issuerName>SANTA FE FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>SFEF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000069422</rptOwnerCik>
            <rptOwnerName>INTERGROUP CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeSecurity>
        <securityTitle>
            <value>Common Stock, $.10 par value</value>
        </securityTitle>
        <transactionDate>
            <value>2003-05-28</value>
        </transactionDate>
        <transactionCoding>
            <transactionFormType>4</transactionFormType>
            <transactionCode>P</transactionCode>
            <equitySwapInvolved>0</equitySwapInvolved>
        </transactionCoding>
        <transactionTimeliness>
            <value></value>
        </transactionTimeliness>
        <transactionAmounts>
            <transactionShares>
                <value>6800</value>
            </transactionShares>
            <transactionValue>
                <value>9.44</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>
            <sharesOwnedFollowingTransaction>
                <value>623796</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </nonDerivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>Convertible Preferred Stock</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>0</value>
            <footnoteId id="F1"/>
        </conversionOrExercisePrice>
        <transactionDate>
            <value>1997-12-31</value>
            <footnoteId id="F2"/>
        </transactionDate>
        <transactionCoding>
            <transactionFormType>4</transactionFormType>
            <transactionCode>J</transactionCode>
            <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F2"/>
        </transactionCoding>
        <transactionTimeliness>
            <value></value>
        </transactionTimeliness>
        <transactionAmounts>
            <transactionShares>
                <value>0</value>
                <footnoteId id="F2"/>
            </transactionShares>
            <transactionValue>
                <value>13.5</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <exerciseDate>
            <value>1998-01-01</value>
        </exerciseDate>
        <expirationDate>
            <value>2005-12-31</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock, $.10 par value</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>63600</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>
            <sharesOwnedFollowingTransaction>
                <value>63600</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <footnotes>
        <footnote id="F1">Converts to common stock on a one-for-one basis</footnote>
        <footnote id="F2">No acquisition or transaction.  Previously reported.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>The InterGroup Corporation by /s/ Michael G. Zybala, Asst. Secretary and Counsel</signatureName>
        <signatureDate>2003-05-29</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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