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1501 Brea Blvd #13, Fullerton, CA 92835
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1501 Brea Blvd #13 Fullerton, CA 92835

$3,800,000
  • 14 Beds
  • 14 Baths
  • 7,014 Sq.Ft.
For Sale
$3,800,000 Get Pre-Qualified
Map preview of 1501 Brea Blvd #13, Fullerton, CA 92835

Property Overview: 1501 Brea Blvd #13 Fullerton, CA has 14 bedrooms, 14 bathrooms, 7,014 living square feet and 79,279 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Joseph Berkson | BRE #01031951 | Marcus & Millichap RE Invest
Last checked: 14 minutes ago | Last updated: September 17th, 2024 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
79,279
HOA Dues
$4004/mo
Year built
1992
Garage
--
Property Type:
Condominium
Status
Active
MLS#
OC24191167
City
Fullerton
County
Orange
Time on Site
2 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
  • # of Leased Units: 14
  • # of Electric Meters: 14
  • # of Gas Meters: 14
  • # of Water Meters: 14
Unit Breakdown 1
  • # of Units: 14
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,806
  • Total Rent: $27,370
  • Pro Forma/Market Rent: $31,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.75%
  • Gross Rent Multiplier: 12.44
  • Gross Scheduled Income: $305,412
  • Net Operating Income: $180,416
  • Gross Operating Income: $296,309
  • Vacancy Allowance: $9,103
Annual Expense Breakdown
  • Total Operating Expense: $115,893
  • New Taxes: $45,615
  • Trash: $0
  • Insurance: $1,978
  • Maintenance: $8,400
  • Professional Management: $11,852
  • Other Expenses: $48,048
  • Other Expense Description: HOA Dues

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Property Details for 1501 Brea Blvd #13

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Electric
Laundry Information
  • Has Laundry
  • Common Area
Room Information
  • Flooring: Carpet, Vinyl
Kitchen Information
  • Has Appliances
  • Built-In Range, Dishwasher, Disposal, Gas Range, Water Heater
Interior Features
  • Balcony, Ceiling Fan(s), Tile Counters, Unfurnished
  • Levels: Three Or More
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Gated Community, Security System, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat
  • Barbecue Private
  • Has Fence
  • Wrought Iron
  • Has Spa
  • Spa Features: Association, In Ground
Exterior Features
  • No Pool
  • Pool Features: Association, Gas Heat, In Ground
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 36-40 Units/Acre, Close to Clubhouse, Irregular Lot, Near Public Transit, Sprinkler System, Treed Lot
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Has View
  • View: Hills, Park/Greenbelt
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Parcel Number: 93640210
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
  • Entry Level: 1
  • Foundation Details: Concrete Perimeter, Pillar/Post/Pier
  • Property is Attached
  • Has Additional Parcels
  • Is a Senior Community
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Name: Hillcrest
  • Association Fee: $4,004 (Monthly)
  • Association 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
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: none
  • Directions: Just north of where Harbor splits into Harbor and Brea.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Park, Mountainous
View more facts & features

Local Fullerton Agent

Sale History for 1501 Brea Blvd #13

Last sold on October 1st, 2003

  • September, 2024

  • Sep 16, 2024

    Date

    Active

    CRMLS: OC24191167

    $3,800,000

    Price

  • October, 2003

  • Oct 1, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1501 Brea Blvd #13

Assessed Value (2020): $141,686
Year Land Value Improved Value Assessed Value
2020 $60,116 $81,570 $141,686

Home Value Compared to the Market

This property vs the competition

1501 Brea Blvd #13 is listed 300% higher than the median list price for the city of Fullerton which has a median list price of $950,000. The median price per/sqft for Fullerton is $604 and this home is listed at $541.77 per/sqft which puts the price per square foot 10.3% lower than the median price per square foot for the city of Fullerton.

About 1501 Brea Blvd #13

Detailed summary of property

1501 Brea Blvd #13 is a condominium located in Fullerton, CA 92835 and is currently for sale. This condo offers 14 bedrooms, 14 bathrooms, roughly 7,014 living square feet, and sits on an approximately 79,279 square foot lot. 1501 Brea Blvd #13 was first listed on ArdentRealEstateGroup.com on September 16, 2024. The homeowner is currently asking $3,800,000. The median priced home in Fullerton is $950,000 with a median price per square foot of $604. Based on Ardent Real Estate Group's Fullerton Market Data, this home is listed 300% higher than the median priced home. Local competing homes currently for sale include 18665 Seabiscuit Run, 5206 E Crescent Dr and 4061 Paso Fino Way. This home does have a Homeowners Association and the monthly fee is $4,004 per month. While the average home in Fullerton, CA is selling in 53 days, 1501 Brea Blvd #13 has a days on market of 2 days. There are currently 204 homes for sale in the Fullerton real estate market and 156 of them are single family homes while 36 of them are condos and 12 are townhomes. For more information on this home for sale at 1501 Brea Blvd #13 Fullerton, CA 92835 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 1501 Brea Blvd #13

Public county record property details
Beds
1
Baths
1
Year built
1992
Sq. Ft.
501
Lot Size
--
Stories
--
Type
Condominium Unit (Residential)
Pool
No
Spa
No
County
Orange
Lot#
1
APN
936-402-10

The source for these homes facts are from public records.

92835 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,298,000
Median List Price/Sq.Ft.
$569
Median Sold Price
$1,475,000
Median Sold Price/Sq.Ft.
$571
Total Inventory
53
Median Sale to List Price %
98.66%
Avg Days on Market
9
Loan Type
Conventional (30.77%), FHA (7.69%), VA (15.38%), Cash (23.08%), Other (23.08%)

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Fullerton Agent
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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