1501 N Brea Blvd - Apartments FOR SALE


Fullerton, CA 92835
$3,700,000 USD
949-419-3232
1501 N Brea Blvd, Fullerton, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/9
null | 4.9% Cap Rate

1501 N Brea Blvd
Fullerton, CA 92835


HIGHLIGHTS

  • Seller Carry Financing: 4.5% Interest Only
  • Only $264,2867 / Unit
  • Pro Forma 9.85 GRM / 6.68% Cap
  • 14 Individual Parcels
  • High Demand Affordable Senior Housing Niche
  • Exceptional Location Near Downtown Fullerton

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$44 USD /SF

# OF UNITS

14

PRICE/UNIT

$264,286

CAP RATE

4.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14 Units, Fullerton California

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1992

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

O-P

APN/PARCEL ID

283-301-07

ASK ABOUT THIS PROPERTY

Joseph BerksonMarcus & MillichapMore Info
949-419-3232

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Joseph BerksonMarcus & MillichapMore Info
949-419-3232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.