Distressed opp
$4,350,000
Noel Olshan
818-481-0882
Power Business Solution, Inc.
This is a special care retirement home that has been established for over 50 years. The business is located on a quite tree lined residential street in a Southern California community within 25 miles from Los Angeles. Assisted living is provided for all residents exclusive of on site medical treatment. The property consists of an approximately 62,000 square foot lot occupied by 18,200 square feet of multiple buildings. The facility accommodates 72 tenants with common areas for eating and recreation. The facility has been upgraded and is in compliance with all regulatory agencies and applicable codes. The operation currently has 42 tenants with gross revenues of approximately $800,000.00 and operating expenses of $720,000.00. This is an opportunity for an experienced owner/operator to exercise the appropriate marketing strategies to achieve full occupancy and realize an excellent return on investment. The seller will consider any reasonable offer. There is an existing mortgage of $2,800,000.00 on the property.
Financing: none
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