This Senior Housing Property is Off-Market.

240 East 3rd Street
Tustin, CA 92780 ·

63 Beds · Senior Housing For Sale

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Tustin Hacienda Care

Price N/A Property Use Type Business For Sale
No. Beds 63 No. Stories 1
Property Type Senior Housing Year Built 1965
Property Sub-type Assisted Living Residences Lot Size 27,878 SF
Listing ID: 13886305 Date Created: 03/25/2004 Last Updated: 02/10/2005

Description

PLEASE DO NOT DISTURB EMPLOYEES OR TENANTS---UNAWARE OF SALE!

Tustin Hacienda Care Home offers 33-private guest suites in Old Town Tustin for residents in need of round the clock care. This 15,784 square foot “assisted living” facility offers residents a caring, warm place to retire with 24-hour supervision, recreation activities, laundry services, medical staff, and a variety of services to cater to their unique needs. The facility is currently licensed for 63 beds, but is operated with only 40 at this time.

The facilities include a central activity room, large dining room, beauty salon, lounge, medical office, atrium, and central courtyard. The facility is climate controlled and each guest suite features a private bathroom, closet, and room-to-room communication system. Two communal bathing facilities are located in the corridor.

On-site services include three meals served each day, continuous observation of the physical and mental condition of each resident, personal laundry services, and on-going social and recreational activities.
Buyers will want to consider adding showers to 30 of the 33-units and moderize other elements for higher rent.

The Hacienda benefits from its proximity to many amenities in the heart of Old Town Tustin, including a nearby library, community center, senior center, farmers market, two shopping centers, several restaurants, a park, and a variety of other cultural amenities.

On-site services include three meals served each day, continuous observation of the physical and mental condition of each resident, personal laundry services, and on-going social and recreational activities.

Rental rates range from $1,500 to $2,150 per month per room depending on needs of each resident. The total for all 33-rooms is $68,880 per month, or $2,087 per room. Rooms are rented on a month-to-month basis, and additional “fee” services are provided as needed, including medical care, medicine, dry cleaning, beauty services, transportation, and more.

The sale price includes the real estate, business goodwill, inventory, a van, and all equipment, fixtures, and equipment. The owner recently upgraded the A/C equipment, re-roofed, and performed $20k in improvements.

Highlights

  • Located in a cute old town setting
  • Great upside potential...add rooms, raise rents.
  • Located next to a library, senior center, and community center.
  • 100% leased
  • Located next to two shopping centers.
  • Very desirable demographics

Research

240 East 3rd Street, Tustin, CA 92780 (Orange County)

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