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THE BEST RESIDENTIAL INVESTMENT OPPORTUNITY IN ORANGE COUNTYBuilt 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.
Property Type(s):
Residential Income
| Last Updated | 10/9/2024 | Tract | ,none |
|---|---|---|---|
| Year Built | 1992 | Community | Fullerton |
| County | Orange |
Price History
| Prior to Oct 9, '24 | $3,800,000 |
|---|---|
| Oct 9, '24 - Today | $3,700,000 |
Additional Details
| ADULT COMMUNITY | Yes |
|---|---|
| AIR | Central Air, Electric |
| AIR CONDITIONING | Yes |
| AMENITIES | Barbecue, Billiard Room, Clubhouse, Controlled Access, Fitness Center, Maintenance Front Yard, Management, Meeting Room, Meeting/Banquet/Party Room, Pool, Spa/Hot Tub, Trash |
| APPLIANCES | Built-In Range, Dishwasher, Disposal, Gas Range, Water Heater |
| AREA | Fullerton |
| CONSTRUCTION | Drywall, Wood Siding |
| EXTERIOR | Barbecue |
| GARAGE | None |
| HOA DUES | 4004 |
| INTERIOR | Balcony, Ceiling Fan(s), Tile Counters, Unfurnished |
| LOT | 1.82 acre(s) |
| LOT DESCRIPTION | 36-40 Units/Acre, Close to Clubhouse, Irregular Lot, Near Public Transit, Sprinkler System, Trees |
| PARKING | None |
| POOL | Yes |
| POOL DESCRIPTION | Gas Heat,In Ground,Association |
| SEWER | Public Sewer |
| STORIES | 4 |
| STYLE | Contemporary |
| SUBDIVISION | ,none |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Park/Greenbelt,Hills |
| WATER | Public |
Location
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Listed with Marcus & Millichap RE Invest
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