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
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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
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$9.99
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$99,999
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$9.99
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Taxes |
-
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-
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Operating Expenses |
-
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-
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Total Expenses |
$99,999
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$9.99
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Net Operating Income |
$99,999
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$9.99
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PROPERTY FACTS
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PROPERTY TAXES
Parcel Number | 388-331-02 | Improvements Assessment | $249,939 (2024) |
Land Assessment | $499,898 (2024) | Total Assessment | $749,837 (2024) |
ZONING
Zoning Code | RV |