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
Listed by: Marcus & Millichap RE Invest • Joseph Berkson • Contact: 949-419-3200
Bought with: NONMEMBER MRML
$3,600,000
1501 N Brea Blvd, Fullerton, CA 92835
14beds
14baths
7,014sqft
Condominium
Built in 1992
-- sqft lot
$3,214,300 Zestimate®
$513/sqft
$2,460 Estimated rent
Home value
$3,214,300
$2.86M - $3.63M
$2,460/mo
Zestimate® history
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$26,342/mo
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Pool and spaLarge picnic areasHistorical fountainMature shade treesMultiple fitness roomsMedia centerHillcrest stairs
Zillow last checked:
Listing updated:
Listed 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
Originating MLS: California Regional MLSFacts & 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 & HOA
Community
- Features: Mountainous, Park, Gated
- Security: Security System, Carbon Monoxide Detector(s), Fire Detection System, Fire Sprinkler System, Security Gate, Gated Community, Smoke Detector(s)
- Senior community: Yes
- Subdivision: None
HOA
- Has HOA: Yes
- 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
- HOA fee: $4,004 monthly
- HOA name: Hillcrest
Location
- Region: Fullerton
Financial & listing details
- Price per square foot: $513/sqft
- Date on market: 9/16/2024
- Cumulative days on market: 79 days
- Total actual rent: 27370
- Tenant pays: All Utilities
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/20/2024 | Sold | $3,600,000-2.7%$513/sqft |
Source:  CRMLS #OC24191167 Report a problem | ||
| 12/11/2024 | Contingent | $3,700,000$528/sqft |
Source: CRMLS #OC24191167 Report a problem | ||
| 10/9/2024 | Price change | $3,700,000-2.6%$528/sqft |
Source: CRMLS #OC24191167 Report a problem | ||
| 9/16/2024 | Listed for sale | $3,800,000-22.4%$542/sqft |
Source: CRMLS #OC24191167 Report a problem | ||
| 12/30/2020 | Sold | $4,900,000-2%$699/sqft |
Source:  CRMLS #OC20147841 Report a problem | ||
| 12/30/2020 | Contingent | $5,000,000$713/sqft |
Source: CRMLS #OC20147841 Report a problem | ||
| 12/10/2020 | Pending sale | $5,000,000$713/sqft |
Source: Marcus & Millichap RE Invest #OC20147841 Report a problem | ||
| 8/27/2020 | Listed for sale | $5,000,000$713/sqft |
Source: Marcus & Millichap RE Invest #OC20147841 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 92835
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Nearby schools
GreatSchools rating
- 10/10Beechwood Elementary SchoolGrades: K-8Distance: 1.1 mi
- 8/10Fullerton Union High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$3,214,300
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Estimated market value
$3,214,300
- California
- Orange County
- Fullerton
- 92835
- 1501 N Brea Blvd
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