1501 N Brea Blvd., Fullerton, CA 92835
- $3,600,000
- Sold Price
- $3,600,000
- List Price
- $3,700,000
- Closing Date
- Dec 20, 2024
- Status
- CLOSED
- MLS#
- OC24191167
- Year Built
- 1992
- Lot Size
- 79,279
- Acres
- 1.82
- Lot Location
- 36-40 Units/Acre, Close to Clubhouse, Irregular Lot, Near Public Transit, Sprinkler System, Trees
- Days on Market
- 54
- Property Type
- Multifamily
- Style
- Contemporary
- Property Sub Type
- Condominium
- Stories
- Three Or More Levels
Property Description
THE BEST RESIDENTIAL INVESTMENT OPPORTUNITY IN ORANGE COUNTY Built in 1992, Hillcrest Senior Condominiums (age 55+) is an offering of 14 total, 1 bedroom rental units in a 68 unit condominium complex. It provides an investor with a truly unique investment opportunity to acquire a stable income stream, substantial rental upside, an outstanding location and the future opportunity to sell individually parceled units. This offering provides investors unique ownership benefits rarely available in properties in this size range: freedom from direct ownership and responsibilities of common area management and maintenance and a broad range of common amenities such as multiple fitness rooms on each floor, a community room with a full kitchen, media center and pool table, a private park, a pool and spa and laundry rooms and restroom facilities on each floor of the complex. The property is across from the scenic Hillside Park, filled with mature shade trees, a breathtaking historical fountain, large picnic areas and the “Hillcrest Stairs”. Shopping, dining and golfing facilities are also conveniently located nearby as is St. Jude Medical Center and the historic Downtown Fullerton.
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Additional Information
- HOA
- 4004
- Frequency
- Monthly
- Association Amenities
- Billiard Room, Clubhouse, Controlled Access, Fitness Center, Meeting Room, Management, Meeting/Banquet/Party Room, Maintenance Front Yard, Barbecue, Pool, Spa/Hot Tub, Trash
- Appliances
- Built-In Range, Dishwasher, Disposal, Gas Range, Water Heater
- Pool Description
- Gas Heat, In Ground, Association
- Cooling
- Yes
- Cooling Description
- Central Air, Electric
- View
- Park/Greenbelt, Hills
- Exterior Construction
- Drywall, Wood Siding
- Roof
- Flat
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Ceiling Fan(s), Tile Counters, Unfurnished
- Attached Structure
- Attached
- Number Of Units Total
- 14
- Gross Scheduled Income
- $305,412
- Operating Expense
- 114831
Listing courtesy of Listing Agent: Joseph Berkson (joe.berkson@marcusmillichap.com) from Listing Office: Marcus & Millichap RE Invest.
Listing sold by Selden McKnight from Selden McKnight
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.