Listing provided courtesy of Joseph Berkson of Marcus & Millichap RE Invest. Last updated 2024-11-21 09:12:51.000000. Listing information © 2024 CRMLS.
Asking Price: $3,700,000
1501 Brea Blvd., Fullerton CA 92835
Community: 83 - Fullerton
Status: Active
This Condominium property was built in 1992 and is priced at $3,700,000. Please see the additional details below.
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.