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Tbd
Morro Bay, CA 93442
Assisted Living Facility · Health Care Property For Sale
·
15 Beds
PROPERTY FACTS
| Property Type | Health Care | No. Beds | 15 |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built | 1977 |
| Lot Size | 0.35 AC | Parking Ratio | 4.41/1,000 SF |
| Building Size | 4,988 SF | ||
| Zoning | R3 - Multi-family | ||
| Property Type | Health Care |
| Property Subtype | |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 4,988 SF |
| No. Beds | 15 |
| No. Stories | 1 |
| Year Built | 1977 |
| Parking Ratio | 4.41/1,000 SF |
| Zoning | R3 - Multi-family |
AMENITIES
- Waterfront
ABOUT TBD , MORRO BAY, CA 93442
PLEASE DO NOT DISTURB OCCUPANT/TENANT!! NO LOITERING OR PARKING IN FRONT OR AROUND THE FACILITY!!!! (2 Blocks from the water) Tenant occupied: Mature Adult Day Assistance, Inc dba; Assisted living since July of 2000. The 501 (c)(3) nonprofit corporation, fund raises and accepts donations to subsidize the operating budget and pays all taxes, maintenance and insurance. The tenant generates strong revenue and has a high staff to Resident ratio. This assisted living facility is under-market on their monthly resident fees for the area and has a waiting list. 100% occupancy since Sept.2016 due to the high demand for this level of care, this opportunity will remain evergreen and will continue to thrive with the aging population in California. This location is occupied by the non profit tenant, however there is opportunity to be on the board and collect an administrative fee bringing the CAP rate from 8% to 10% or higher. Potential to restructure brand new 20 year lease while in escrow. Much opportunity here, Call for details. PLEASE DO NOT DISTURB OCCUPANT/TENANT!! NO LOITERING OR PARKING IN FRONT OR AROUND THE FACILITY!!!!
ROOM MIX INFORMATION
| DESCRIPTION | NO. BEDS |
|---|---|
| - | 15 |
PROPERTY TAXES
| Parcel Number | 066-175-003 | Improvements Assessment | $2,152,129 |
| Land Assessment | $748,151 | Total Assessment | $2,900,280 |
PROPERTY TAXES
