Movoto Real Estate
Sold on 12/20/2024
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1501 N Brea Blvd, Fullerton, CA 92835

$3,600,000

Last sold 12/20/2024 after 99 Days

  • —

    bed

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    bath

Multi-family not for sale

About 1501 N Brea Blvd

Property type Multi-family
Year built 1992
HOA fee $4,004/month
Lot size 1.82 Acre
Rental estimate
Property description
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.
Listed by
Listing Agent - Joseph Berkson
Listing Agent Contact: Joe.berkson@marcusmillichap.com
Listing Office - Marcus & Millichap RE Invest
Source: CRMLS mls logo
MLS#OC24191167 • last updated 1 year ago
Movoto checked CRMLS for data 1 minute ago
Overview
Levels/Style Three Or More, Contemporary
Type Residential Income
SubType Condominium
Status Closed
Lot Size (Acres) 1.82
Lot Size (SqFt) 79279.2
Year Built 1992
HOA Name Hillcrest
HOA Fee Monthly, 4004
Interior
Laundry Common Area
Appliances Built-In Range, Dishwasher, Disposal, Gas Range, Water Heater
Interior Features Balcony, Ceiling Fan(s), Tile Counters, Unfurnished
Exterior
Foundation Concrete Perimeter, Pillar/Post/Pier
Construction Drywall Walls, Wood Siding
Building Area Square Feet, 7014
Roof Flat
Parking None
Lot Description 36-40 Units/Acre, Close To Clubhouse, Irregular Lot, Near Public Transit, Sprinkler System, Treed Lot
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
HOA Amenities Pool, Spa/Hot Tub, Barbecue, Pest Control, Gym/Ex Room, Clubhouse, Billiard Room, Banquet Facilities, Meeting Room, Trash, Sewer, Management, Controlled Access, Maintenance Front Yard
Location
View Hills, Park/Greenbelt
County Orange
Community Features Park, Mountainous
Subdivision None, Other (OTHR)
Directions Just North Of Where Harbor Splits Into Harbor And Brea.
APN 93640210
Multifamily Details
Tenant Pays All Utilities
Vacancy Allowance 9103
Operating Expense 114831
Cap Rate 4.9
Expense: Insurance 1978
Total Expenses 115893
Expense: Maintenance 8400
Gross Income 305412
Gross Operating Income 296309
Gross Multiplier 12.11
Gross Scheduled Income 305412
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
Rental est.: $2,479/month
Gross rent multiplier: 121.0
  • Dec 2020
    mls logo MLS # OC20147841
  • Dec 30, 2020 Sold
    $4,900,000 (-2.0%)
  • Dec 9, 2020 Active
    —
  • Jul 9, 2020 Listed
    $5,000,000 (+2602.7%)
  • Dec 2016
    mls logo MLS # PW16758669
  • Dec 27, 2016 Sold
    $185,000
  • Dec 27, 2016 Sold
    $185,000 (-2.6%)
  • Dec 16, 2016 Pending
    —
  • Dec 16, 2016 Pending
    —
  • Dec 10, 2016 Price Change
    $189,900 (+0.5%)
  • Dec 6, 2016 Listed
    $189,000
  • Dec 6, 2016 Listed
    $189,000
  • 1501 N Brea Blvd
    $3.6M
  • $1.06M
  • 92835
    $1.32M +20% y/y
  • Fullerton
    $950K +2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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