$3,700,000
1501 N Brea Blvd.
Fullerton, CA, 92835
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.
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
Price:
$3,700,000
MLS #:
OC24191167
Status:
Active Under Contract
Baths:
0
Address:
1501 N Brea Blvd.
Type:
Residential Income
Subtype:
Condominium
Neighborhood:
83fullerton
City:
Fullerton
Listed Date:
Sep 12, 2024
State:
CA
ZIP:
92835
Lot Size:
79,279 sqft / 1.82 acres (approx)
Year Built:
1992
Schools
Interior
Appliances
Built- In Range, Dishwasher, Disposal, Gas Range, Water Heater
Cooling
Central Air, Electric
Flooring
Carpet, Vinyl
Interior Features
Balcony, Ceiling Fan(s), Tile Counters, Unfurnished
Exterior
Association Amenities
Pool, Spa/ Hot Tub, Barbecue, Pest Control, Gym/ Ex Room, Clubhouse, Billiard Room, Banquet Facilities, Meeting Room, Trash, Sewer, Management, Controlled Access, Maintenance Front Yard
Community
55+
Community Features
Park, Mountainous
Exterior Features
Barbecue Private
Fencing
Wrought Iron
Foundation Details
Concrete Perimeter, Pillar/ Post/ Pier
Garage Spaces
0.00
Lot Features
36-40 Units/ Acre, Close to Clubhouse, Irregular Lot, Near Public Transit, Sprinkler System, Treed Lot
Parking Features
None
Parking Spots
0.00
Pool Features
Association, Gas Heat, In Ground
Roof
Flat
Security Features
Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Gated Community, Security System, Smoke Detector(s)
Sewer
Public Sewer
Spa Features
Association, In Ground
Stories Total
4
View
Hills, Park/ Greenbelt
Water Source
Public
Financial
Association Fee
4004.00
HOA Name
Hillcrest
Tenant Pays
All Utilities
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Courtesy of Marcus & Millichap RE Invest. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 1501 N Brea Blvd.
Fullerton, CA
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