$845,000
●
Condo -
Off Market
515 S Brea Boulevard #2
Brea, CA 92821
3 Beds
3 Baths
1,427 Ft²
$4,245
Est. Monthly
$317
HOA / Fees
5.23%
Cap Rate
About This Property
Located in Downtown Brea, the "Brea Downtown Collection" is a
newer, modern-styled townhome community which has street frontage
along with all the comforts of suburban living. The kitchen and
living area is upgraded throughout with ceramic tile, engineered
wood flooring, granite countertops, modern backsplash, and seating
area for barstools. A 2nd floor bedroom and full bathroom is ideal
for a guest room, roommate, office, or other flex space. The 3rd
level has 2 primary bedrooms with each having its own bathroom. A
balcony area provides a view of Brea Street Lofts and retail
nearby. The main primary bedroom has a walk-in closet with built-in
shelving to optimize space. Every bedroom has its own ceiling fan.
New carpet and paint throughout. The community is ideally located
near Downtown Brea and Westfield Shopping Center with excellent
schools. The "Brea Plunge" and City Hall Park is just across the
street to the north. The community is powered by solar which is
fully paid off. (no lease or financing to assume) HOA includes
water and trash, so solar and the paid utilities can be a savings
of over $200 per month!
Unit Size
1,427 Ft²
Days on Market
33 days
Land Size
-
Price per sqft
$561
Property Type
Condo
Property Taxes
-
HOA Dues
$317
Year Built
1924
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #PW24242936)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 6, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Dec 2, 2024 | Listed by Real Broker | $799,888 | |
| Listed by Real Broker | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 3
Full Bathrooms: 3
Levels: ThreeOrMore
Interior Features: Granite Counters, All Bedrooms Up, Multiple Primary Suites, Walk In Closets
Flooring Type: Laminate, Wood
Living Area Square Feet Source: Assessor
Laundry Features: Washer Hookup, Electric Dryer Hookup, Inside, Laundry Closet, Upper Level
None
Exterior Details
Year Built: 2011
Parcel Number: 93458202
Home Type: Residential
Structure Type: MultiFamily
Roof: Tile
Construction Materials: Stucco
Pool Features: None
Elevation Units: Feet
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Location Details
Association Amenities: Maintenance Grounds, Insurance, Maintenance Front Yard, Barbecue, Picnic Area, Trash, Water
Association Fee: $317
Association Fee Frequency: Monthly
Community Features: Curbs, Gutters, Street Lights, Suburban, Sidewalks
Subdivision: Brea Downtown Collection
Elementary School: Arovista
Middle or Junior School: Brea
High School: Brea Olinda
High School District: Brea-Olinda Unified
Subdivision Name: Brea Downtown Collection
Directions: From the 57 freeway, exit Imperial and head west. Turn left on Brea Blvd and building is on the right side. Use street parking or visitor parking behind the building.
Other Details
Listing Terms: CashToNewLoan, Conventional, FannieMae
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/02/2024
|
3 Bed
|
3 Bath
|
1427 ft²
|
$799,888
3 Bed
3 Bath
1427 ft²
|
$845,000
+5.64%
01/06/2025
|
Edwin Baloloy
Residential Agent Inc.
| |
|
04/06/2023
|
3 Bed
|
3 Bath
|
1287 ft²
|
$755,000
3 Bed
3 Bath
1287 ft²
|
-
-
|
Alex Kim
CTC Realty & Investments
| |
|
06/19/2018
| |
3 Bed
|
3 Bath
|
1287 ft²
|
-
3 Bed
3 Bath
1287 ft²
|
-
-
|
-
|
Building Info
About Brea
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Listed by: Edwin Baloloy, Real Broker
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PW24242936
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PW24242936
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