1555 North Harbor Boulevard

Fullerton, CA 92835

$18,500,000
Price
6
Beds
78
Baths
39,000 Sq. Ft.
$474 / Sq. Ft.
39,000
Sq. Ft.
$474
per Sq. Ft.

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...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.

Listing Agent

  1. Patrick Parry

    Patrick Parry

    Listing Agent

    Compass

    DRE #01829479

Property Details for 1555 North Harbor Boulevard

Parking Spaces Total
52
Private Pool
No
Total Units
26.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
39000
Assessor Parcel Number
281-011-30
Property Attached YN
true
LISTING UPDATED: 09/05/2024 11:38 PM

Property Details for 1555 North Harbor Boulevard

StatusActive
MLS #OC24184382
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built2026
CountyOrange County

Building Information for 1555 North Harbor Boulevard

Building/Complex1555 N Harbor BlvdFloor-Stories3Residences-Pet Policy-Year Built2026Building Size-

Property Information for 1555 North Harbor Boulevard

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $23,400
  • Gross Scheduled Income: $1,238,400
  • Gross Operating Income: $23,400
  • Net Operating Income: $877,800
  • Number Of Rented Garages: 26
  • Garage Rental Rate: $75
  • Garage Income: $23,400
Expense Details
  • Operating Expense: $384,000
  • Gardener Expense: $6,000
  • Fuel Expense: $6,000
  • Electric Expense: $6,000
  • Insurance Expense: $75,000
  • Maintenance Expense: $30,000
  • Professional Management Expense: $50,000
  • Other Expense: $200,000
  • Other Expense Description: taxes
  • Trash Expense: $7,500
  • Water Sewer Expense: $3,500
  • Total Expenses: $384,000
Tax / Assessment Info
  • Tax Area: 0300
  • Tax Tract Number: 300
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside, Washer Hookup
Exterior Features
  • Entry Location: 2
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Number Of Units: 26
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 52
  • Parking: Yes
  • Parking Garage: Assigned, Electric Vehicle Charging Station(s), Garage
  • Parking Garage Spaces: 52
  • Carport Spaces: 0
  • Parking Features: Assigned, Covered, Concrete, Paved, Electric Vehicle Charging Station(s), Garage
Property / Structure Info
  • Builders Tract Name: Sunny Hills
  • Builders Tract Code: Sunny Hills (SUNH)
Unit Information
Unit 1
  • Unit Type Units Total: 23
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 27
  • Number Of Separate Gas Meters: 27
  • Number Of Separate Water Meters: 27
  • Number With Dishwasher: 26
  • Number With Range: 26
  • Number With Carpet: 0
  • Number With Disposal: 26
  • Number With Drapes: 0
  • Number With Patio: 26
  • Number Wall AC: 26

Property History for 1555 North Harbor Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1555 North Harbor Boulevard

This home is within Fullerton Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Golden Hill Elementary School
PublicK to 6

Nicolas Junior High School
Public7 to 8

Fullerton Union High School
Public9 to 12

La Sierra High (Alternative) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1555 North Harbor Boulevard is a townhouse for sale in Fullerton, CA 92835. This property was listed for sale on September 5, 2024 by Compass, it's currently listed at $18,500,000. It has been on the market for a total of 11 days and was last sold on April 1, 2022. This listing's school districts are Fullerton Joint Union High School District, Fullerton Elementary School District. Nearby schools include Golden Hill Elementary School, Nicolas Junior High School and Fullerton Union High School. 1555 North Harbor Boulevard is a 6-bed, 78-bath, 39,000 sqft townhouse built in 2026.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Patrick Parry, DRE #01829479

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.