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220BD Assist Liv Fac-Bankruptcy Auction!
925 East Villa Street/527-539 N. Mentor Avenue, Pasadena, CA 91106
Last Verified 7/15/2009
Listing ID 16296073
Highlights
MAJOR PRICE REDUCTION. "BANKRUPTCY SALE"- Licensed by the Dept of Social Services with a Total Capacity of 220 Beds, Fully Furnished Units, One or Two Bedrooms Available, Housekeeping Services
- 24 HR Professional Staff, Full Time Licensed Program Supervisor, Scheduled Transportation (handicap accessible), 16 Passenger Luxury Bus with A/C
- Well Maintained High End Facilities Serving Only Privately Paid Residents with Beautiful Landscaped Grounds, Assets of Business Included in Sale
- Large Full Service Dining Room, Lounges, Multimedia Room, Library with Computers & Internet Access, Complimentary Laundry Facilities
- Emergency Response System, Scheduled Entertainment, Recreational Area, Beauty/Barber Shop
Description
CHAPTER 7 US BANKRUPTCY TRUSTEE SALE! Auction Date: July 14, 2009. Submit Offers on or before July 10th.
Minimum Bid: $11,112,376 subject to Bankruptcy Court Approval (See Attachment)
The offering consists of 2 adjacent facilities in the highly desireable city of Pasadena in Southern California: A 2 Story Assisted Living Facility (Astoria at Pasadena) approximately 54,755 sq. ft. of improvements, consisting of 127 units with approximately 64,033 sq. ft. underlying fee land & a 2 Story Independent Living Facility (Villa Michelle) approximately 26,368 sq. ft. consisting of 27 units with approximately 22,000 sq. ft. underlying fee land.
Property is sold in "As Is" Condition. Sale is subject to court approval. Please call agent for Trustee's "Asset Purchase Form".
The business is a California Corporation and assets of the business are included in the sale of the property. Licensed by the Department of Social Services for a total capacity of 220 beds.
The property has undergone extensive upgrading. Renovations were completed in 2007.
PLEASE DO NOT DISTURB RESIDENTS! CONTACT BROKER FOR MORE INFO OR TOUR OF THE FACILITIES!
See Listing 15985864 for more photos & map
527-539 N. Mentor Avenue and 925 East Villa Street in the city of Pasadena. Half a block from famous Lake Avenue, next to large Kaiser Permanente Hospital and Doctors Offices, and 2 blocks from the 210 Freeway.
Map of 925 East Villa Street/527-539 N. Mentor Avenue, Pasadena, CA 91106 (Los Angeles County)
Created 6/26/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.