1501 Brea Blvd Fullerton, CA 92835
- Apartment buildings
- 7,014 SF
- 1.82 lot acres
Current Use by Public Records
- Hillcrest Sr. Condominiums / Condominium Complex
Property Details for 1501 Brea Blvd
- Year built
- 1992
- Lot size
- 1.82 lot acres
- Property size
- 7,014 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 14-unit apartment building located at 1501 N Brea Blvd, Fullerton, CA 92835. The property, built in 1992 and renovated in 2021, consists of a four-story building encompassing 7,014 square feet on a 1.82-acre lot. Currently operating at 100% occupancy (as of November 1, 2024), the property boasts a stabilized investment profile with a current NOI of $181,478 and a pro-forma NOI of $247,016, translating to a current cap rate of 4.90% and a pro-forma cap rate of 6.68%. The asking price is $3,700,000, representing a price per square foot of $527.52 and a price per unit of $264,285.71. The property is zoned O-P and features 14 one-bedroom units catering to the senior (55+) market. Residents enjoy access to numerous amenities, including multiple fitness rooms, a community room with a full kitchen and media center, a private park, a pool and spa, and laundry facilities. The prime location offers proximity to Hillside Park, shopping, dining, golfing, St. Jude Medical Center, and historic Downtown Fullerton. The property's APN numbers are 936-402-10, 936-402-12, 936-402-13, 936-402-14, 936-402-16, 936-402-18, 936-402-20, 936-402-34, 936-402-37, 936-402-38, 936-402-40, 936-402-58, 936-402-61, and 936-402-62. This is a rare opportunity to acquire a well-maintained, high-demand senior housing complex in a desirable location with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fullerton
- County
- Orange
- State
- California
- Longitude
- -117.922
- Latitude
- 33.8863
