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.
Sold for $3,600,000 on 12/20/24
Listing Provided by:
Joseph Berkson DRE #01031951 joe.berkson@marcusmillichap.com,
Marcus & Millichap RE Invest
Bought with: NONMEMBER MRML
$3,600,000
1501 N Brea Blvd, Fullerton, CA 92835
14beds
14baths
7,014sqft
Condominium
Built in 1992
-- sqft lot
$3,706,400 Zestimate®
$513/sqft
$3,280 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 13, 2025 at 06:20pm
Listing Provided by:
Joseph Berkson DRE #01031951 joe.berkson@marcusmillichap.com,
Marcus & Millichap RE Invest
Bought with:
Selden McKnight, DRE #02027919
NONMEMBER MRML
Source: CRMLS,MLS#: OC24191167
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 14
Cooling
- Central Air, Electric
Appliances
- Included: Built-In Range, Dishwasher, Disposal, Gas Range, Water Heater
- Laundry: Common Area
Features
- Balcony, Ceiling Fan(s), Tile Counters, Unfurnished
- Flooring: Carpet, Vinyl
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 7,014
- Total interior livable area: 7,014 sqft
Property
Parking
- Parking features: None
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Street Level
- Exterior features: Barbecue
- Pool features: Gas Heat, In Ground, Association
- Has spa: Yes
- Spa features: Association, In Ground
- Fencing: Wrought Iron
- Has view: Yes
- View description: Park/Greenbelt, Hills
Lot
- Size: 1.82 Acres
- Features: 36-40 Units/Acre, Close to Clubhouse, Irregular Lot, Near Public Transit, Sprinkler System, Trees
Details
- Additional parcels included: 93640212, 93640213, 93640214, 93640216, 93640218, 93640220, 93640234, 93640237, 93640238, 93640240, 93640258, 93640261, 93640262
- Parcel number: 93640210
- Special conditions: Standard,No Smoking
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Drywall, Wood Siding
- Foundation: Concrete Perimeter, Pillar/Post/Pier
- Roof: Flat
Condition
- New construction: No
- Year built: 1992
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Security
- Security features: Security System, Carbon Monoxide Detector(s), Fire Detection System, Fire Sprinkler System, Security Gate, Gated Community, Smoke Detector(s)
Community
- Community features: Mountainous, Park, Gated
Senior living
- Senior community: Yes
Location
- Region: Fullerton
- Subdivision: None
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $4,004 monthly
- Amenities included: Billiard Room, Clubhouse, Controlled Access, Fitness Center, Meeting Room, Management, Meeting/Banquet/Party Room, Maintenance Front Yard, Barbecue, Pool, Spa/Hot Tub, Trash
- Services included: Pest Control, Sewer
- Association name: Hillcrest
Other financial information
- Total actual rent: 27370
Other
Other facts
- Road surface type: Paved
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Estimated market value
$3,706,400