Senior Housing and Assisted Living Facilities for Sale in California

Haven Senior Investments is proud to present for sale a class-A, 38-unit, 46-bed Assisted Living and Memory Care Community located near Sacramento, CA. The market demonstrates high current and future demand for assisted living within a 15-minute drive time of the Community, with a projected increase in seniors aged 75+ of over 19% in the next five years. As currently leased, revenues and expenses yield an annualized EBITDAR of $890,000, representing an operating margin of 32.5%. By merely opening the existing additional capacity, and assuming a 90% occupancy thereof, the property is projected to generate a 35% operating margin and produce over $1.1m EBITDAR. The Community is offered free and clear of debt, liens, encumbrances, or management agreements.

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Haven Senior Investments is thrilled to present a remarkable assisted living community located in Southern California. Boasting a sprawling 5.52 acre lot, this 96-bed community has recently secured approval for the coveted California Assisted Living Waiver (ALW) program.

The ALW program is in high demand throughout California, presenting a golden opportunity for a new owner to capitalize on the immense market need for government-subsidized assisted living and memory care services. With the approval in place this opportunity stands ready to be transformed into a thriving community, catering to the growing demand.

The community currently houses residents in single occupancy, private pay rooms, and with some minor policy and procedure changes advised by leading ALW reimbursement experts, the potential to accommodate 5 to 8 new residents per month becomes apparent. This targeted approach will steadily lead the community to reach maximum occupancy and a projected 25% operating margin, translating to an impressive estimated EBITDAR of approximately $1.04 million.

The physical plant has been well maintained over the years and requires minimal capital expenditure for an ALW community. Moreover, the unique floor plan allows for efficient grouping of residents based on acuity levels, ensuring a seamless transition during the lease-up period without major disruptions to operations. In addition, two adjacent parcels totaling 5.26 acres, previously approved by the city for skilled nursing and assisted living, are also available for sale. The current owners, who possess Independent Living apartments on a nearby parcel, are open to a First Right of Refusal for interested parties.

Don’t miss this exceptional chance to participate in the thriving ALW market. The recent ALW program approval, strategic floor plan ideal for memory care or higher ALW Tier levels, substantial building size, large lot and additional adjacent parcels make for tremendous growth potential. Supported by a dedicated long-term staff, this is a truly unique opportunity to make a significant impact in the senior care industry.

ID#005532    Beds/Units:  45/24    Location:   San Diego

Another firm is pleased to introduce an Assisted Living Facility in San Diego. Details: Property Type: Senior Living Investment Type: Stabilized Investment Sub Type: Owner User Class: A Square Footage: 11,049 Net Rentable (sq ft): 11,409 Price/Sq Ft: $2,189.89 Cap Rate: 11.69% Occupancy: 95% Occupancy Date: 06/03/2024 NOI: $2,827,476 Units: 24 Beds: 45 Year Built: 1973 Buildings: 1 Stories: 1 Lot Size (acres): 0.43 Price/Unit: $966,164 Ground Lease: No Ownership: Fee Simple

ID#005531      Approximate Beds/Units:  160/104    Location:  Los Angeles

Another firm is pleased to introduce an Assisted Living Facility in Los Angeles. Details: Property Type: Senior Living Investment Type: Stabilized Investment Sub Type: Owner User Class: A Square Footage: 67,900 Net Rentable (sq ft): 67,900 Price/Sq Ft: $674.58 Cap Rate: 5.64% Pro-Forma Cap Rate: 6.00% Occupancy: 95% Occupancy Date: 06/03/2024 NOI: $2,582,248 Pro-Forma NOI: $2,747,677 Units: 104 Bed: 160 Year Built: 1975 Year Renovated: 2014-2018 Buildings: 1 Stories: 2 Lot Size (acres): 1.22 Price/Unit: $416,149 Ground Lease: No Ownership: Fee Simple

ID#005530     Approximated Beds/Units: 205/128    Locations:  San Diego and Los Angeles

Another firm is pleased to introduce this rare opportunity to own 2 (two) Luxury Assisted Living campuses in two of the most well-known, high-income communities in California – La Jolla (11,049 SF), and Tarzana (67,900 SF). Both properties are state-of-the-art, having received substantial renovations within the last 10 years, and are fully staffed and operational, with in-place management teams. The full-service retirement communities are a combined 183 beds across 128 high-end units with an additional 22-bed licenses nearly fully approved. The assets remain at 95%+ occupancy, providing an investor with over $5.4 million in net operating income immediately upon purchase, while still offering upside for a value-add investor with anticipated revenue growth to hit 7.19% in 2025 and 4.34% in 2026 at the Tarzana location. In addition to the high-quality services for basic living needs, residents can take advantage of the many additional on-site amenities, including on-site restaurants, personal services, exercise centers and even putting greens. Residents also enjoy an on-site, ADA-compliant luxury transportation program for outings.

ID#005530   Approximate Beds/Units:   20    Location:   Sonora

Another firm is pleased to introduce an opportunity to purchase a profitable Assisted Living Facility. This is a single story, ±6,500 SF Assisted Living Facility with the capacity for 20 residents, on ±2.95 acres of land. The property also consists of a 500 SF accessory dwelling unit (ADU) studio with a bath. There is value add with the ability to add more beds within the facility. There is stable demand for this facility due to few competitors in the area. It is currently 85% occupied.

ID#005529   Approximate Beds/Units:  28    Location:   El Monte

Another firm is pleased to present a 4,548 SF Health Care Building with 28 beds in El Monte. This is a hard-to-find RCF Facility. It is currently under renovation with deferred maintenance. The facility was constructed in 1959.

 ID# 0050524   Approximate Beds/Units:  34     Location:   TBD

Another firm is pleased to introduce an Assisted Living Facility with 34 units, in a 17,500sf +/- building, established in 2005. This well-established Residential Care Facility for the Elderly (RCFE) is a full-time Assisted Living Community. In addition, the facility offers several other programs, including but not limited to: Assisted Living Services, Respite Care Services, Hospice Care, Adult Day Services (separately licensed ADC), Transportation Services, and Concierge Services. The adult day program includes an activities center open to seniors who would like to visit just during the day and then return to their families in the evening. By offering both a part-time and full-time program in the same location, this facility can ensure a variety of social activities and interactions to keep the social atmosphere fresh, new and exciting. Some of the attractions this facility offers are beautiful room accommodations, medication coordination, and monitoring, dressing and grooming assistance, trained staff available 24 hrs/day, delicious, well-balanced meals, transportation arrangements for health appointments, various engaging programs and activities, complimentary wireless internet, cable TV and phone service, and an automatic backup power generator to ensure the building always has power. Having been established in 2005, the facility enjoys an excellent reputation within the community and extensive relations with other facilities, doctors, and local hospitals. The property has approved entitlements to add ~13,000 SF to the existing ~17,500 SF building that would add 30 private suites with full private baths (60 more beds). This offering qualifies for SBA, HUD, USDA, and Conventional. The owners will assist with transfer of all licensing, along with all account transfers (as applicable). The owners will also assist with a smooth transition and stay involved with growth of company during escrow and transition period, after escrow. The administrator will offer training during the ownership transition. Consulting services, after the close of escrow, are negotiable.

ID#0050517   Approximate Beds/Units:  58-60     Location:    Turlock 

Another firm is pleased to present a Senior Living Facility. The asking price is $3,395,000.This is an investment for an owner user or institutional purchase and can increase the number of units for independent units up to 80 units on top of what’s already there. The square footage is 18,900 and the price per square foot is $179.63. The Pro-Forma Cap Rate is 19.00% with a Pro-Forma NOI of $645,000. The number of beds is 60. There are 2 stories. The Lot Size (acres) is 1.53. There are also 12 Hospice Waivers.