This property is currently leased out to an operating who has a 5-year lease. Tenant is about to enter their 3rd year of the lease. Rent Caps at $9000 per month on the 5th year. Tenant has two 5-year options to extend subject to CPI increases. Great Investment property with very little to no maintenance obligations. Property was completely remodeled in 2016 and is licensed as a Congregate Living Health Facility (CLHF). Landlord was very detailed and left no stone un-turned for this remodel. Property is equipped with fire sprinklers, fire alarm system, back-up generator, nurses call system, central ethernet connections, commercial a/c and tank-less water heater system. Property consists of wide hallways, open common area, six large bedrooms, three walk-in showers and one staff restroom.
Based on information from California Regional Multiple Listing Service, Inc. as of April 2nd, 2020 at 3:36pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.