3630 California StOmaha, NE 68131

Property Details for 3630 California St

Year built

1940

Lot size

1.24 AC

Property size (Sq ft)

32,200 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

944250051

APU

944250051

Description

This 41,150 square foot, four-story assisted living and memory care facility, built in 1962 and renovated in 2004, sits on a 54,014 square foot lot in Omaha, Nebraska (APN: 0944250051). The property features 72 beds across 54 units, offering assisted living, memory care, and respite care. Amenities include a full commercial kitchen, spacious dining rooms (including a private dining room), a chapel with daily services, a barber and beauty salon, library, media room, activity and craft room, landscaped courtyard, pub area, bird aviary, and laundry facilities. The property boasts 24-hour medical staff and is located in a Community Redevelopment Area, offering a value-add investment opportunity. The building is offered free and clear of existing debt, with seller financing available for qualified buyers. The net rentable square footage is 22,408 square feet, with a permitted zoning of R3-*LL. This unique property is deeply integrated into the surrounding community, fostering intergenerational activities. The asking price is $3,950,000 ($95.99/sq ft, $73,148.15/unit). The ownership is fee simple.

• CAP approach

  CAP return

  Valuation

  6%

  $6,978,165

  6.5%

  $6,441,383

  7%

  $5,981,284

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,890,011

  Geo Method

  $1,890,011

• Alternative Use

  Use

  Valuation

  Residential

  $8,171,166

  Hospitality

  $7,484,744

  Educational

  $6,227,220

  Medical

  $6,441,383

  Retail

  $9,686,786

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2651

Longitude

-95.9679

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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