1555 North Harbor

Fullerton, CA 92835

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.

Listed by Patrick Parry of Compass



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Data last update at 2024