Save
Ask
Tour
Hide
Share
$12,750,000

312 N Roosevelt Avenue
Fullerton, CA 92832

For Sale|Multi-Family|Active
Subdivision:
County:
Orange

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: (619) 353-5888
Is this the home for you? We can help make it yours.
(619) 353-5888
312 N Roosevelt Avenue312 N Roosevelt Avenue312 N Roosevelt Avenue312 N Roosevelt Avenue
Save
Ask
Tour
Hide
Share

The Palm Retirement Center is a rarely offered 144 Bed Assisted and Memory Care facility located in Fullerton, California. The residential care facility (RCFE) consists of 108 assisted living beds and 36 memory care beds situated in separate wings. Amenities include a large dining hall and commercial kitchen, laundry facility, recreation rooms, library, salon, and two outdoor courtyards. The 34,000 SF facility is situated on a 40,750 SF lot and has been a home for assisted living residents since 1977. The The Palm Retirement Center is a rarely offered 144 Bed Assisted and Memory Care facility located in Fullerton, California. The residential care facility (RCFE) consists of 108 assisted living beds and 36 memory care beds situated in separate wings. Amenities include a large dining hall and commercial kitchen, laundry facility, recreation rooms, library, salon, and two outdoor courtyards. The 34,000 SF facility is situated on a 40,750 SF lot and has been a home for assisted living residents since 1977. The Property is being offered a 6.3% cap rate on current income at 9% vacancy with major upside in rents and potential added value. Current ownership is a low budget "mom and pop" operation with substantially below market rents. According to the 2019 Genworth Cost of Care Survey, the average cost of assisted living per resident in the Los Angeles Metro Market is $4500 a month. Through modernization and professional management, an investor can acquire this asset and achieve significant upside in cash flow and value.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$12,750,000
Days Online
107 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Partial Baths
N/A
Lot Size
0.92 Acres
Year Built
1979
MLS Number
OC20167441
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS
4 months agoListing first seen online
General Features
Stories
2 Story
Save
Ask
Tour
Hide
Share
Exterior Features
Water
Meter on Property
Pool
N/K
Community Features
Spa
N/K
Age Restrictions
Other/Remarks
Neighborhood
Other (OTHR)
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Hopkins Global Inc.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2018-present San Diego MLS®.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share

Southern California Real Estate Search

Property listings are updated every 10 minutes. Click on any listing for further details and property photos. Please contact us if we can assist you, we are here to help!

EXPLORE OUR WEBSITE

You are Here: SV Premier > Southern California Real Estate Search