21-Bed | Biz & RE | Ideal for Prop 1
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21-Bed | Biz & RE | Ideal for Prop 1
3 Health Care Properties Offered at $2,500,000 in Lakeside, CA
Investment Highlights
- Ideal purchase for Proposition 1 | Prop 1 is a two-bill package including the Behavioral Health Services Act (BHSA) (Senate Bill 326) and the Behavior
- 1.28 Acres | All three (3) parcels together ?Zero advertising budget
- Ability to run as absentee owner | Seller is selling as they are retiring
- 21-Bed Licensed Facility / Independent Living | Residential Care Elderly Currently 17-Residents
- Profitable business | Upside to increase revenue/cost per bed | Upside to change from independent living to other assisted living types
- Caretaker House (on corner): 3 bathrooms and 3 bedrooms Building 1: 2 bathrooms, 8 bedrooms Building 2: 2 bathrooms, 6 bedrooms
Executive Summary
NDA for Offering Memorandum / Marketing Package and Seller Disclosure Documents:
-
Ideal purchase for Proposition 1 | Prop 1 is a two-bill package including the Behavioral Health Services Act (BHSA) (Senate Bill 326) and the Behavioral Health Infrastructure Bond Act of 2024 (BHIBA) (Assembly Bill 531)
-
Business, FF&E, and Real Estate included in Purchase Price
Turnkey Residential Care Elderly / Independent Living
21-Bed Licensed Facility | Residential Care Elderly
Building SF: 5405 SF (per Title) .
All three (3) buildings combined
1.28 Acres | All three (3) parcels together
Zero advertising budget
Profitable business
Upside to increase revenue/cost per bed
Upside to change from independent living to other assisted living types
Upside to increase number of residents
Upside to increase presence, increase inquiries, increase residents by utilizing:
Social Media
Online presence / Website
Ability to run as absentee owner
Seller is selling as they are retiring
Nestled in a picturesque residential community with quick access to main roads
Large backyard: ideal for outside time for residents, parties, bbq, and more
-
***Call Listing Broker for scheduling viewing property. DO NOT GO TO PROPERTY UNLESS YOU SCHEDULED WITH LISTING AGENT. Do not talk to employees nor clientele. All per Sellers request.***
-
Behavioral Health Continuum Infrastructure Program
DHCS was authorized through 2021 legislation to establish the Behavioral Health Continuum Infrastructure Program (BHCIP) and award $2.2 billion to construct, acquire, and expand properties and invest in mobile crisis infrastructure related to behavioral health. DHCS has been releasing these funds through multiple grant rounds targeting various gaps in the state’s behavioral health facility infrastructure.
In March 2024, California voters passed Proposition 1, a two-bill package including the Behavioral Health Services Act (BHSA) (Senate Bill 326) and the Behavioral Health Infrastructure Bond Act of 2024 (BHIBA) (Assembly Bill 531). The BHIBA portion is a $6.38 billion general obligation bond to develop an array of behavioral health treatment, residential care settings, and supportive housing to help provide appropriate care facilities for Californians experiencing mental health conditions and substance use disorders. DHCS was authorized to award up to $4.4 billion in BHIBA funds for BHCIP competitive grants. In addition, DHCS will enact changes resulting from Proposition 1 through the Behavioral Health Transformation (BHT) project, which aims to modernize the behavioral health delivery system, improve accountability, increase transparency, and expand capacity of behavioral health care facilities for California residents.
-
Ideal purchase for Proposition 1 | Prop 1 is a two-bill package including the Behavioral Health Services Act (BHSA) (Senate Bill 326) and the Behavioral Health Infrastructure Bond Act of 2024 (BHIBA) (Assembly Bill 531)
-
Business, FF&E, and Real Estate included in Purchase Price
Turnkey Residential Care Elderly / Independent Living
21-Bed Licensed Facility | Residential Care Elderly
Building SF: 5405 SF (per Title) .
All three (3) buildings combined
1.28 Acres | All three (3) parcels together
Zero advertising budget
Profitable business
Upside to increase revenue/cost per bed
Upside to change from independent living to other assisted living types
Upside to increase number of residents
Upside to increase presence, increase inquiries, increase residents by utilizing:
Social Media
Online presence / Website
Ability to run as absentee owner
Seller is selling as they are retiring
Nestled in a picturesque residential community with quick access to main roads
Large backyard: ideal for outside time for residents, parties, bbq, and more
-
***Call Listing Broker for scheduling viewing property. DO NOT GO TO PROPERTY UNLESS YOU SCHEDULED WITH LISTING AGENT. Do not talk to employees nor clientele. All per Sellers request.***
-
Behavioral Health Continuum Infrastructure Program
DHCS was authorized through 2021 legislation to establish the Behavioral Health Continuum Infrastructure Program (BHCIP) and award $2.2 billion to construct, acquire, and expand properties and invest in mobile crisis infrastructure related to behavioral health. DHCS has been releasing these funds through multiple grant rounds targeting various gaps in the state’s behavioral health facility infrastructure.
In March 2024, California voters passed Proposition 1, a two-bill package including the Behavioral Health Services Act (BHSA) (Senate Bill 326) and the Behavioral Health Infrastructure Bond Act of 2024 (BHIBA) (Assembly Bill 531). The BHIBA portion is a $6.38 billion general obligation bond to develop an array of behavioral health treatment, residential care settings, and supportive housing to help provide appropriate care facilities for Californians experiencing mental health conditions and substance use disorders. DHCS was authorized to award up to $4.4 billion in BHIBA funds for BHCIP competitive grants. In addition, DHCS will enact changes resulting from Proposition 1 through the Behavioral Health Transformation (BHT) project, which aims to modernize the behavioral health delivery system, improve accountability, increase transparency, and expand capacity of behavioral health care facilities for California residents.
Property Facts
| Price | $2,500,000 | Number of Properties | 3 |
| Price / SF | $462.53 / SF | Individually For Sale | 3 |
| Sale Type | Investment or Owner User | Total Building Size | 5,405 SF |
| Status | Active | Total Land Area | 0.82 AC |
| Price | $2,500,000 |
| Price / SF | $462.53 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 5,405 SF |
| Total Land Area | 0.82 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 11812 Lakeside Ave, Lakeside, CA 92040 | Health Care | 2,664 SF | 1955 | - |
| 11802 Lakeside Ave, Lakeside, CA 92040 | Health Care | 1,221 SF | 1955 | - |
| 11822 Lakeside Ave, Lakeside, CA 92040 | Health Care | 1,520 SF | 1955 | - |
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21-Bed | Biz & RE | Ideal for Prop 1
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