Property Detail

378 Cortez

Palm Springs CA 92262

$1,378,000

Status: Active

Property Details

Description

Attention all Medical Professionals! Welcome to www.378CortezRd.comFully licensed Congregate Living Health Care Facility (CLHF), just one mile north of Desert Regional Medical Center. Potential Annual Revenue of $1,728,000 in Prime Palm Springs Location. Six ADA approved medical beds including 3 Private Rms and 2 with double occupancy. Separate Nursing Station and Administration Office. Garage transformed into additional supply room and employee break room. Rare opportunity with virtually no competition as this is only one of two Licensed CLHF in all of Coachella Valley, and the only one within the direct area. This offering is an approved model for Skilled Nursing Level of care in a residential setting. Currently licensed by the California Department of Public Health and is now ready for New Owner/Operator to transfer license. Extremely high per diem rates can be received from multiple payor sources and can be as high as $700-$800 per bed per day. License allows for 6 beds and ready to apply for additional 3, creating a total of 9 beds generating income. The sale price includes the real property which has roughly over $350,000 spent in complete renovations per city, county, and licensing guidelines to achieve approval for CDPH, CLHF A,B,C and D level of care. All furniture, fixtures, and equipment (FF&E,) are included as well as all sample documentation necessary to apply for buyers new license via a Change of Ownership (CHOW) application.

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