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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

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    $26,212/mo

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    What's special

    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.

    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#: OC24191167MLS LogoOriginating 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