Jordan Bennett of Regency Real Estate Brokers
Orange County Condo ManiaMLS: OC24191167 $3,800,000
Bedrooms with Baths1501 N BREA BLVD.
FULLERTON CA 92835MLS: OC24191167
Status: ACTIVE
List Price: $3,800,000
Price per SQFT: $0
Square Footage: 0Bedrooms
Baths
Year Built: 1992
Zip Code: 92835Listing Agent: JOSEPH BERKSON of MARCUS & MILLICHAP RE INVEST 949-419-3232
Listing Remarks
Hillcrest Senior Condominiums (age 55+) is a multifamily property consisting of 14 total 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, a quality location and the numerous advantages that come from being able to sell off individually parceled units. Built in 1992, the property consists of all 1 bedroom / 1 bath rental condominium units within a sixty-eight unit complex which are distributed throughout three floors of the property. This property provides investors with benefits rarely available in rental units 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. Hillcrest 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.
Address: 1501 N BREA BLVD. FULLERTON CA 92835
Featured Buyer's Agent:
Jordan BennettRegency Real Estate Brokers
Team Lead - BRE: 01850869
Phone: 949-829-7484
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Standard, NoSmoking LISTING CONTRACT DATE: 2024-09-12 BUILDING AREA TOTAL: 7014 YEAR BUILT: 1992 HOA/MGMT CO: Hillcrest HOA FEES FREQUENCY: Monthly HOA FEES: $4,004 HOA INCLUDES: PestControl, Sewer HOA AMENITIES: BilliardRoom, Clubhouse, ControlledAccess, FitnessCenter, MeetingRoom, Management, MeetingBanquetPartyRoom, MaintenanceFrontYard, Barbecue, Pool, SpaHotTub, Trash APPLIANCES INCLUDED: BuiltInRange, Dishwasher, Disposal, GasRange, WaterHeater ARCHITECTURAL STYLE: Contemporary CONSTRUCTION: Drywall, WoodSiding COMMUNITY FEATURES: Mountainous, Park, Gated EXTERIOR FEATURES: Barbecue FLOORING: Carpet, Vinyl COOLING: CentralAir, Electric INTERIOR FEATURES: Balcony, CeilingFans, TileCounters, Unfurnished LAUNDRY FEATURES: CommonArea LOT FEATURES: Item3640UnitsAcre, ClosetoClubhouse, IrregularLot, NearPublicTransit, SprinklerSystem, Trees # GARAGE SPACES: 0 PARKING FEATURES: None PROPERTY TYPE: ResidentialIncome PROPERTY SUB TYPE: Condominium ROOF: Flat POOL FEATURES: GasHeat, InGround, Association SPA FEATURES: Association, InGround STORIES TOTAL: 4 NUMBER OF UNITS TOTAL: 14 VIEW: ParkGreenbelt, Hills LISTING AGENT: JOSEPH BERKSON LISTING OFFICE: MARCUS & MILLICHAP RE INVEST LISTING CONTACT: 949-419-3232
Estimated Monthly Payments
List Price: $3,800,000 20% Down Payment: $760,000 Loan Amount: $3,040,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $19,215 Estimate does not include taxes, fees, insurance.
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Property Location: 1501 N BREA BLVD. FULLERTON CA 92835
This Listing
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Featured Buyer's Agent:
Jordan BennettRegency Real Estate Brokers
Team Lead - BRE: 01850869
Phone: 949-829-7484
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Last Updated: 2024-09-19 04:37:00