1061 E Bradley Ave - 15-bed RCFE in El Cajon

3,317 SF Health Care Building Offered at $3,000,000 at a 13.20% Cap Rate in El Cajon, CA 92021

INVESTMENT HIGHLIGHTS

  • Great cash flow
  • Well managed with a great reputation
  • Total turn-key operation
  • With Assisted Living Waiver (ALW)- client source
  • Seller is willing to help with transition
  • Care staff can stay upon request

EXECUTIVE SUMMARY

Beautiful 15-bed RCFE for sale with ALW (Medi-Cal assisted living waiver) in sunny San Diego. Gross income is $75,000/month with high occupancy. Price includes both business and real estate. (Seller is alos open to sell the business for sale only for $650,000. Rent will be $12,000/month.) Close to parks, hospital and shopping centers. Facility is spacious with nice outdoor living areas. It is long in business and has a great reputation. Due to confidentiality, further information can be released upon signing non-disclosure agreement. Seller is willing to help with transition. The facility has the ALW assisted living waiver as a great client source. Property has tremendous upside earning potential with high-paying clientele in the area. Property is in great condition. A total turnkey solution for experienced operators for expansion or a new operator with related medical experiences. Hard-to-find mid-size care home in a hot senior care market in east county San Diego with beautiful weather all year around. There are 2 buildings on a park-like private fenced yard for family visits and outdoor activities. Perfect for 1031 Exchange. CALL NOW FOR A SHOWING AND DIRECTIONS. DON’T DISTURB EMPLOYEES AND RESIDENTS. BY SELLER’S REQUEST, PLEASE DON’T DISCUSS THE TRANSACTION IN FRONT OF EMPLOYEES AND RESIDENTS DURING VISIT. Off of I-8.

FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $3,000,000
Price Per Bed $200,000
Sale Type Investment
Cap Rate 13.20%
Property Type Health Care
Property Subtype
Assisted Living
  • Healthcare Congregate SeniorHousing
Building Class C
Lot Size 0.95 AC
Building Size 3,317 SF
No. Beds 15
No. Stories 1
Year Built/Renovated 1945/2019
Tenancy Single
Parking Ratio 0.59/1,000 SF

PROPERTY TAXES

ZONING

Zoning Code RV
  • Listing ID: 29201269

  • Date on Market: 8/5/2023

  • Last Updated:

  • Address: 1061 E Bradley Ave, El Cajon, CA 92021