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378 W Cortez Road

Palm Springs, CA 92262
  • $1,378,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 219067802
UPDATED: 24 min ago
$1,378,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Ratings & Info

Description

Attention all Medical Professionals! Welcome to www.378CortezRd.comFully licensed Congregate Living Health Care Facility (CLHF), just one mile north of Desert Regional Medical Center. Potential Annual Revenue of $1,728,000 in Prime Palm Springs Location. Six ADA approved medical beds including 3 Private Rms and 2 with double occupancy. Separate Nursing Station and Administration Office. Garage transformed into additional supply room and employee break room. Rare opportunity with virtually no competition as this is only one of two Licensed CLHF in all of Coachella Valley, and the only one within the direct area. This offering is an approved model for Skilled Nursing Level of care in a residential setting. Currently licensed by the California Department of Public Health and is now ready for New Owner/Operator to transfer license. Extremely high per diem rates can be received from multiple payor sources and can be as high as $700-$800 per bed per day. License allows for 6 beds and ready to apply for additional 3, creating a total of 9 beds generating income. The sale price includes the real property which has roughly over $350,000 spent in complete renovations per city, county, and licensing guidelines to achieve approval for CDPH, CLHF A,B,C and D level of care. All furniture, fixtures, and equipment (FF&E,) are included as well as all sample documentation necessary to apply for buyers new license via a Change of Ownership (CHOW) application.

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©2021 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Agency Inc. Based on information from the California Desert Association of Realtors as of 2021-12-01T07:35:08.217. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.haciendagroupinc.com/homes/121591446
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378 W Cortez Road Palm Springs, CA 92262

  • Price: $1,378,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 24 min ago
  • MLS #: 219067802
0
Beds
0
Baths
0
½ Baths
0.18
Acres
Neighborhood:
331 - Palm Springs North End
County:
Riverside
Area:
331 - Palm Springs North End
Property Description
Attention all Medical Professionals! Welcome to www.378CortezRd.comFully licensed Congregate Living Health Care Facility (CLHF), just one mile north of Desert Regional Medical Center. Potential Annual Revenue of $1,728,000 in Prime Palm Springs Location. Six ADA approved medical beds including 3 Private Rms and 2 with double occupancy. Separate Nursing Station and Administration Office. Garage transformed into additional supply room and employee break room. Rare opportunity with virtually no competition as this is only one of two Licensed CLHF in all of Coachella Valley, and the only one within the direct area. This offering is an approved model for Skilled Nursing Level of care in a residential setting. Currently licensed by the California Department of Public Health and is now ready for New Owner/Operator to transfer license. Extremely high per diem rates can be received from multiple payor sources and can be as high as $700-$800 per bed per day. License allows for 6 beds and ready to apply for additional 3, creating a total of 9 beds generating income. The sale price includes the real property which has roughly over $350,000 spent in complete renovations per city, county, and licensing guidelines to achieve approval for CDPH, CLHF A,B,C and D level of care. All furniture, fixtures, and equipment (FF&E,) are included as well as all sample documentation necessary to apply for buyers new license via a Change of Ownership (CHOW) application.
Exterior Features

Total Parking Spaces 0.00

Interior Features

Heating Type CentralForced Air

Property Features

Building Status Existing Financing Details OtherSubmit Laundry InsideRoom Property Sub Type Single Family Residence Sale Type Standard Security Safety Fire & Smoke Detection SystemFire SprinklersSmoke Detector Water Water District

Listing information © 2021 California Desert Association of Realtors.
Listing provided courtesy of Dimitri Rigopoulos of Vanguard Properties.
©2021 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Agency Inc. Based on information from the California Desert Association of Realtors as of 2021-12-01T07:35:08.217. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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