For Sale
$2,500,000

00000 Lakeside AveLakeside, CA 92040

21-bed assisted living, profitable business

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional turnkey senior living facility presents a unique investment opportunity in Lakeside, California. The property comprises three buildings totaling 5,405 square feet on a 1.28-acre lot, offering 21 licensed beds for residential care for the elderly. Currently operating as an independent living facility, the property boasts significant upside potential. This includes increasing revenue per bed, transitioning to other assisted living models, expanding resident capacity, and enhancing marketing efforts through social media and online presence. The business is currently profitable, even with a zero advertising budget, and is ideally positioned to benefit from Proposition 1, which allocates substantial funding for behavioral health infrastructure improvements in California. The seller is retiring, making this a truly turnkey operation. All business assets, furniture, fixtures, and equipment (FF&E), and real estate are included in the $2,500,000 asking price. The property is conveniently located in a picturesque residential area with easy access to major roadways. A large backyard provides ample space for resident activities and gatherings. The property is classified as Class D and offers a price per square foot of $462.53. This is an excellent opportunity for an investor seeking a profitable, established business with significant growth potential in a desirable location. The property is easily managed and can be run as an absentee ownership.

Property Details for 00000 Lakeside Ave

Property type
Retirement homes, Assisted living facilities
Square Feet
5,405 SF
Class
D
Lot Size (sq. ft)
55,757 SF

Location Insight

City
Lakeside
County
San Diego
State
California
Latitude
32.867090986588
Longitude
-116.93463150686
00000 Lakeside Ave, Lakeside, California

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00000 Lakeside Ave
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