PRICE $3,800,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 7,014 sqft
LOT SIZE 1.82 ac

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.

DAYS ON MARKET 20 LAST UPDATED 9/16/2024
TRACT ,none YEAR BUILT 1992
COMMUNITY Fullerton COUNTY Orange
STATUS Active PROPERTY TYPE(S) Residential Income


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
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Listed with Marcus & Millichap RE Invest

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