21-Bed Lic. | 3 Bldgs | 5405 SF | EXPANDABLE | Ideal for Prop 1

Lakeside, CA
listing image
Asking Price:$2,500,000
Real Estate:$2,400,000
BUSINESS DESCRIPTION

NDA for Offering Memorandum / Marketing Package and Seller Disclosure Documents: https://tinyurl.com/24g7whme
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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)
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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.***.
NDA for Offering Memorandum / Marketing Package and Seller Disclosure Documents: https://tinyurl.com/24g7whme

-

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

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***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.......


DETAILED INFORMATION
Location
Lakeside, CA
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
5,405
Reason for Selling
Overdue for retirement.
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BJ
Delhamer
Insite Commercial Real Estate Advisors
BJ Delhamer