Vacant 96 Bed Assisted Living Facility In Pasadena California

Los Angeles County, Pasadena, CA, 91103 Reveal the address
$8,725,000
28512 sq ft
For Sale

Facts and Features

Type
Multi family
Parking
Off street
Year build
1965
Lot size
34990.00 sqft
Bedrooms
96
Sq. Footage
28512
Bathrooms
0

Summary

THIS IS A STEAL OF A DEAL!

BACK TO BEING SOLD, OFF THE MARKET OF COURSE... THIS IS A NOW VACANT (USED TO MAKE A LOT OF MONEY) SOUTHERN CALIFORNIA 96 BED ASSISTED LIVING FACILITY

 28512 SF

34990 SF (.80 Acre) Lot

42 Nursing Care Units/Rooms with 94 Beds

2 Stories

Built 1965

Major Cross Streets Fair Oaks

and Washington Blvd

40 Minutes to DTLA

67 Walk Score

 ARV $9,300,000

 TERMS OF SALE

Being Sold "AS IS" Only

Seller looking for FAST close ONLY (cash if possible)

Appraisal from 2018 at $10,400,000

Estimated Value in 2021 at $12,000,000

Annual gross income of $7M+ when operating

In Good Condition with all equipment in place

Perfect for owner user business or development

NO licenses or plans in place (other than the licensing or plans, the facility is ready to go)

Seeking Principal Buyers

 Seller is not paying any real estate commission

Please note: Quicksilver RE Group is participating with a California real estate Broker. The buyer paid 5% commission is a three was split of 1.66% each party.

 DON'T MISS OUT ON THIS OPPORTUNITY!

(727) 224.1720 for more Info

Cash Offers, Hard Money, or Private Money ONLY!
BUYERS ARE REQUESTED TO DO THEIR OWN DILIGENCE ON THIS PROPERTY. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY.
$20,000 Non-Refundable EMD made payable to our Title Company
Buyer pays all closing costs
Cash & Hard Money Only
Get in touch with us now!
NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER OR OTHERWISE USING ANY INFORMATION PROVIDED TO YOU UNLESS YOU HAVE THE EXPRESS WRITTEN CONSENT OF QUICKSILVER REAL ESTATE GROUP. Any Property information received by you is proprietary information belonging to Quicksilver Real Estate Group. and its affiliates (“QREG”). All Properties are currently under Contract to QREG. Any transaction consummated by you will be pursuant to an assignment of QREG’s Contract. Any unauthorized contact will be considered Tortious Interference with a Contract and may result in legal action being taken against you. Buyers are asked to perform their due diligence. QREG provides only estimated repair costs and property values.
Make an Offer: Submit your offer and information at the top of this screen by clicking "Make an Offer".
Assignment Contract: An assignment contract will be delivered electronically once an agreement has been made and must be executed by Final Buyer within 24 hours. Once the assignment contract is signed, we will introduce you to a third party Title Company we use who will help facilitate the closing process.
Earnest Money Deposit (EMD) of $20,000 must be wired to the Title Company within 1 day of Assignment Contract signing.
Due Diligence: Buyer are asked to perform their own due diligence on the property.
Closing Costs: End Buyer will pay all Closing costs and will be outlined on the final settlement statement of the deal.

Estimated Spread

$9,300,000
ARV
-$8,725,000
Price
$575,000
Spread

Street View

Location and Comparables

Bedrooms
Bathrooms
Sq. footage
Last Sale Date
Last Sale Price
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