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378 Cortez Road

Palm Springs, CA 92262
  • $1,378,000
  • STATUS: Active
  • ON SITE: 73 Days
  • ID#: 219067802DA
UPDATED: 7 min ago
$1,378,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Ratings & Info

Listing Agent: Dimitri Rigopoulos of Vanguard Properties


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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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T23:27:41.567. 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 deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
www.rgahomes.com/homes/121591069
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378 Cortez Road Palm Springs, CA 92262

  • Price: $1,378,000
  • Status: Active
  • On Site: 73 Days
  • Updated: 7 min ago
  • ID#: 219067802DA
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
331 - North End Palm Springs
County:
Riverside
Area:
331 - North End Palm Springs
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.
Interior Features

Heating CentralForced Air Heating YN Yes

Property Features

Business Type Health Services Inclusions All FurnitureFixturesAnd 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. Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Property Sub Type Single Family Residence Security Features Fire Detection SystemFire Sprinkler SystemSmoke Detector(S) Special Listing Conditions Standard



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T23:27:41.567. 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 deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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RGA Homes | Coldwell Banker Realty
3790 Via De La Valle Suite 301
Del Mar CA, 92014
Listing Agent: Dimitri Rigopoulos of Vanguard Properties