321 Royal Avenue

Description

$100,000 price reduction for the real estate! This is a huge opportunity to make big money! For sale are the real property, (can be sold separately) The business (price separate) 6-patient Congregate Living Health Facility licenses (CLHF-A, CLHF-B, and CLHF-C). 6-patient Congregate Living Health Facility licenses (CLHF-A, CLHF-B, and CLHF-C). This single family home was newly remodeled in 2019. Licensed and regulated by the California Department of Public Health, providing inpatient care, medical supervision, 24-hour skilled nursing and supportive care, pharmacy, dietary, social, and recreational services and activities.Royal Living Home, a Congregate Living Home Facility (CLHF)1)Royal living home is a Congregate Living Home Facility (CLHF), its for all adults patients managed by CDPH (https://www.cdph.ca.gov/Programs/CHCQ/LCP/Pages/AppPacket/CLHF-CHOS.aspx).2) Royal Livings license is A+B+C levels. In the past, professional healthcare provided was allowed to apply 3 levels of certifications in one application. After COVID, the new owner needs to work their way up to get all 3 levels approved with 7-10 years of excellent management track record. 3) Royal Living Home can host 6 patients, with an average insurance payment of $400 per day per bed, it has the potential to bring in $876K a year. As per historical financial data, the ROI can range from 17-18%, it means the net profit can be $150K. 4) Royal Living Home is a facility ready to operate because its an existing provider with a local medical insurance health plan, a huge time/cost saving for the new owner as normally it takes 18-24 months to go through the approval process. 5) The market monthly leasing price for Simi Valley healthcare property is $5500-6000, its a total of $60K-72K rental income for the property owner. 6) property upgrades includes: New Air conditioning system, new washer & dryer, new medical level refrigerator, security Camera system is in place. some patients have passed away in the property due to medical conditions. All information deemed reliable but not guaranteed. Buyer should conduct own investigation.