1501 Brea Blvd., Fullerton, CA 92835

$3,800,000
List Price
$3,800,000
MLS#
OC24191167
Status
ACTIVE
Type
Multifamily

Property Description

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.

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Courtesy of Marcus & Millichap RE Invest, Joseph Berkson.