1555 North Harbor, Fullerton, CA 92835

  • $18,500,000
  • $474
1555 North Harbor, Fullerton, CA 92835
  • Residential Income
  • Property Type
  • 52.00
  • Garages
  • 2026
  • Year Built
For Sale
1555 North Harbor, Fullerton, CA 92835
  • $18,500,000
  • $474

Overview

Property ID: SGR-33922302
  • Residential Income
  • Property Type
  • 52.00
  • Garages
  • 2026
  • Year Built

Description

This future project to be built at 1555 N Harbor Blvd presents a rare and exciting opportunity to acquire a 26-townhome condominium development in a highly desirable Fullerton location. $18,500,000 is the price for the completed project. Construction has not started. Or consider buying the land and with the entitlements at $3.95 Million. The project at 1555 N Harbor Blvd offers an exceptional opportunity to acquire pre construction 26-townhome condominium development in a prime location that seamlessly integrates connectivity, education, employment, and a vibrant community lifestyle. This versatile offering presents multiple investment paths, making it ideal for a range of buyers. All units are scheduled to built as condominiums, providing the option to sell them individually while establishing a Homeowners Association (HOA). Alternatively, buyers can retain some or all units to operate as a brand-new multifamily rental property, generating great potential cash flow with market rents averaging over $4,000 per unit. Some flexibility on the unit size allowing some units to be as large as 4 bedrooms and 1800 sq ft. Further enhancing the investment appeal, the project is priced $3.5 million below current market values. The seller, who has extensive experience in entitlement and development, with various paths forward, including the possibility of a joint venture, purchasing the land and plans for independent development, or utilizing seller carryback financing. The combination of flexible investment options, strategic location, and significant cost savings makes this an outstanding opportunity for developers and investors seeking a high-potential project in a thriving area.

  • Address 1555 North Harbor
  • City Fullerton
  • State/county CA
  • Zip/Postal Code 92835
  • Area 83 - Fullerton
  • Country United States

Details

Updated on September 14, 2024 at 8:15 am
  • Property ID: SGR-33922302
  • Price: $18,500,000
  • Land Area: 36682.00 m²
  • Garages: 52.00
  • Year Built: 2026
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 39000.00
  • MLS#: OC24184382
  • Office Name: COMPASS
  • Agent Name: Patrick Parry
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01829479
  • IDX Contact Info: 949-441-8683

Additional details

  • Sewer: Public Sewer
  • County: Orange
  • Property SubType: Townhouse
  • Parking: 52.00
  • Water Source: Public

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