1501 N Brea Blvd.
Fullerton, CA 92835
1.82 acres | #OC24191167
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.
Property Details
- Lot DescriptionThirtySixToFortyUnitsAcre, CloseToClubhouse, IrregularLot, NearPublicTransit, SprinklerSystem, Trees
- Utility FeaturesCableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
- InteriorBalcony, CeilingFans, TileCounters, Unfurnished
- FoundationConcretePerimeter, PillarPostPier
- ViewParkGreenbelt, Hills
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Property SubtypeCondominium
- Original List Price$3,800,000
- MLS #OC24191167
- MLS #OC24191167
- Exterior MaterialsBarbecue
- Cost3700000
- Utility SourcePublic
- CountyOrange
- Acres1.82
- Year Built1992
- Subdivisionnone
- Hoa Fees4004
- Stories4
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Joseph Berkson (#OCBERKJOS)
Listing Office: Marcus & Millichap RE Invest (#H05626)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
