$3,600,000
$3,700,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
1.82 Acres Lot
SOLD DATE : 12/20/2024
Key Details
Sold Price $3,600,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24191167
Sold Date 12/20/24
Condo Fees $4,004
HOA Fees $4,004/mo
HOA Y/N Yes
Year Built 1992
Tax Year 2024
Lot Size 1.820 Acres
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 Stairs”. 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 83 - Fullerton
Interior
Interior Features Balcony, Ceiling Fan(s), Tile Counters, Unfurnished
Cooling Central Air, Electric
Flooring Carpet, Vinyl
Fireplace No
Appliance Built-In Range, Dishwasher, Disposal, Gas Range, Water Heater
Laundry Common Area
Exterior
Exterior Feature Barbecue
Parking Features None
Fence Wrought Iron
Pool Gas Heat, In Ground, Association
Community Features Mountainous, Park, Gated
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Amenities Available Billiard Room, Clubhouse, Controlled Access, Fitness Center, Meeting Room, Management, Meeting/Banquet/Party Room, Maintenance Front Yard, Barbecue, Pool, Spa/Hot Tub, Trash
View Y/N Yes
View Park/Greenbelt, Hills
Roof Type Flat
Private Pool No
Building
Lot Description 36-40 Units/Acre, Close to Clubhouse, Irregular Lot, Near Public Transit, Sprinkler System, Trees
Story 4
Entry Level Three Or More
Foundation Concrete Perimeter, Pillar/Post/Pier
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Three Or More
New Construction No
Others
HOA Name Hillcrest
HOA Fee Include Pest Control,Sewer
Senior Community Yes
Tax ID 93640210
Security Features Security System,Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Security Gate,Gated Community,Smoke Detector(s)
Financing Seller Financing
Special Listing Condition Standard, No Smoking
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Bought with Selden McKnight • Selden McKnight