823 Towne ST, Costa Mesa, CA 92627
Listing Presented By
First Team Estates
Business Opportunity - Costa Mesa, CA
A rare chance to own a brand new Congregate Living Health Care Facility (CLHF) in a prime location. Virtually no competition as there are only 7 of these in all of OC, and none in the area. This offering is an approved model for Skilled Nursing Level of care in a residential setting. Strategically located in Costa Mesa near Hoag Hospital and the multitude of the areas medical services. This facility is currently licensed as a 6 bed CLHF. All required licenses and permits are in place and the facility is now ready to admit patients.The business component of this offering is being sold for$470K, Incredible income is received from Medicare or private insurance as reimbursement rates can be as high as $800 - $1,000 per day! This Facility has 6 large private rooms and can generate a gross monthly income of up to $150,000, resulting in yearly revenues of approximately $1.8M. The Real Estate included in this transaction is being sold for $990,000 and has just been completely renovated per city, county, and licensing guidelines. It includes 6 large bedrooms plus an office and 4 bathrooms. The seller has experience and contacts in the industry and is willing to negotiate assisting with placement of patients and staff, and will stay on to manage the facility if needed.
Built In: 1953
Last Updated: January 1, 2017
Posted: September 26, 2016