Senior Housing and Assisted Living Facilities for Sale in California

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#005542    Approximate Beds/Units:   28    Location:  Redding

Another firm is pleased to introduce a 6,123 SF Assisted Living Facility in Redding, CA. Property Facts:

Price: $2,250,000      Building Class: C        Price Per Bed: $80,357        Lot Size: 0.37 AC

Sale Type: Investment or Owner User          Building Size: 6,123 SF         S le Conditions: Business Value Included

No. Beds: 28           Property Type: Health Care           No. Stories: 1           Property Subtype: Assisted Living

Year Buil: 1978

ID#005540 Approximate Beds/Units: 24-29 Location: San Luis Obispo County/Arroyo Grande

Another firm is pleased to introduce a turnkey Assisted Living Facility/RCFE. The business/FF&E and Real Estate are included in the purchase price. This is a profitable business with expansion abilities, CDSS License: 32-Bed License, 32 Non-Ambulatory, and Hospice waiver for 6. Client groups served are RCFE/Hospice. Ability to potentially expand to 29-Private Bedrooms by expanding into the storage out building and into the first floor office (ability to relocate office into 2nd floor built out attic with windows). The seller also owns two (2) neighboring residential lots. The seller has had plans drawn to expand facility onto both of these residential lots to create a mega structure with 49-Private Bedrooms. The building/Lot is 11,368 SF per Title (approximate measurements are larger showing 13,185 SF main building and 981 SF storage building). The buyer needs to measure and confirm all SF measurements. The facility has 24-Bedrooms (currently all private) and all on the 1st floor. This is a 0.81 acre lot that was built in 1953. Upside could be to change facility to handle dementia care, start advertising campaigns to increase enrollment and new inquiries. Double occupancy in rooms.

 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.