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$3,700,000
Est. payment /mo
7,014 SqFt
UPDATED:
12/21/2024 02:40 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 7,014 sqft
Price per Sqft $527
MLS Listing ID CROC24191167
HOA Fees $4,004
HOA Y/N Yes
Year Built 1992
Lot Size 1.820 Acres
Acres 1.82
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 Stairsâ€. Shopping, dining and golfing facilities are also conveniently located nearby as is St. Jude Medical Center and the historic Downtown Fullerton.
Location
State CA
County Orange
Area Listing
Interior
Cooling Central Air, Other
Flooring Vinyl, Carpet
Fireplace No
Laundry Other
Exterior
View Y/N true
View Greenbelt, Hills
Building
Lot Description Close to Clubhouse, Irregular Lot, Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 93640210
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Listed by Joseph Berkson • Marcus & Millichap RE Invest
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