823 Towne Street, Costa Mesa, CA 92627

$1,470,000 Approx. USD 0 beds, 0 baths
2,633 sqft

Agent Remarks

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.

Listing Details

Property type: (Commercial)
Status: Active
MLS# NP16710666
List price is $1,470,000
Beds: 0
Baths: 0
Built in 1953
2,633 sqft
County: Orange
Zoning: R-1
MLS area: C2 - Southwest Costa Mesa

Last Updated: 2/25/2017

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This listing belongs to the C2 - Southwest Costa Mesa MLS area

The listing is zoned R-1.
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Lat/Long: 33.640827, -117.933052.
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Broker: Courtesy of First Team Estates
Listing Agent: Gregg
Co Listing Agent: Gessford

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