1501 N Brea Blvd | Fullerton, CA 92835
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1501 N Brea Blvd
Fullerton, CA 92835
Hillcrest Senior Condominiums · Build-to-Rent Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- 5.74% Cap Rate / 11.04 GRM / 8.15%% Cash Flow - Market FMR Rent
- Outstanding Fullerton Location North of Old Town, Directly Across from Hillcrest Park
- Excellent Amenity Package
- Seller Financing: Motivated Seller Will Carry Back a New First Loan, 4.0% Interest Only to Facilitate a 2020 Year-End Closing
- 22 Individually Rental Parceled Condos (out of 68) / Age Restricted - 55+
- Recently Funded Association Reserves / Common Area Upgrades are Underway
PROPERTY FACTS
| No. Units | 22 | Total Plot Size | 1.82 ac |
| Property Type | Build-to-Rent | Property Size | 84,577 sq ft |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Floors | 4 |
| Costar Property Class | B | Year Built/Renovated | 1992/2020 |
| Use Class | O-P | ||
| No. Units | 22 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | B |
| Total Plot Size | 1.82 ac |
| Property Size | 84,577 sq ft |
| Average Occupancy | 100% |
| No. Floors | 4 |
| Year Built/Renovated | 1992/2020 |
| Use Class | O-P |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Ceiling Fans
- Kitchen
- Range
- Patio
SITE AMENITIES
- Fenced Lot
- Fitness Centre
- Laundry Facilities
- Picnic Area
- Pool
- Spa
- Gas Range
- Lift
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 22 | £1,514 | - |
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