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INCOME PROPERTY IN BUENA PARK FOR SALE: CONGREGATE LIVING FACILITY

$1,200,000
  • ID ­ARG-989293914
  • Listing type: For Sale
  • Bedrooms 6
  • Bathrooms 4
  • Lot Size 10395 sqft
  • Living Area 2800 sqft
  • Property type: Congregate Living Health Facility
  • Built In 2016

Property Description

This property is currently leased out to an operating who has a 5-year lease. Tenant is about to enter their 3rd year of the lease and will be paying $8000 per month. Rent Caps at $9000 per month on the 5th year. Tenant has two 5-year options to extend subject to CPI increases.  Great Investment property with very little to no maintenance obligations. Property was completely remodeled in 2016 and is licensed as a Congregate Living Health Facility (CLHF). Landlord was very detailed and left no stone un-turned for this remodel. Property is equipped with fire sprinklers, fire alarm system, back-up generator, nurses call system, central ethernet connections, commercial a/c and tank-less water heater system. Property consists of wide hallways, open common area, six large bedrooms, three walk-in showers and one staff restroom. For more information please contact Amed Franco at 323-997-7552.

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Summa Insurance