2789 Rafferty Rd - Assisted Livings FOR SALE


Hemet, CA 92545- Outer San Jacinto
$13,000,000 USD
310-779-5376
2789 Rafferty Rd, Hemet, CA for Sale
$13,000,000 USD
Assisted Livings - FOR SALE
1/20
null | Request Cap Rate

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2789 Rafferty Rd
Hemet, CA 92545
Outer San Jacinto


HIGHLIGHTS

  • Turn-Key Real Estate & RCFE Infrastructure
  • Value-Add Turnaround Play
  • Below Replacement Cost

OVERVIEW

KW Commercial is pleased to present a unique opportunity to acquire a 102-Bed RCFE & Real Estate Portfolio in Hemet, California. Midtown Villa in Hemet, California, is a 102-bed residential care facility offering assisted living with memory care capabilities. Located near Hemet Global Medical Center, the property offers a high-barrier-to-entry investment opportunity with a focus on private-pay revenue and an aging-in-place resident model. This multi-building assisted living facility features a total capacity of 102 beds divided equally into two distinct wings. Building 1 serves as the Residential Care for the Elderly (RCFE) wing, offering 51 beds across 25 units, each equipped with its own private bathroom. Building 2 is planned for dedicated to specialized memory care for Alzheimer’s and dementia patients, mirroring the same 51-bed, 25-unit layout. Individual resident rooms across both two-story wings range from 275 to 428 square feet. The facility is designed for complete, self-contained operations in each building. Each features its own common living room with a color television, an activity room, a dining room, and a dedicated care station. Safety and operational efficiency are integrated throughout, featuring a central elevator, public restrooms, and a large medical-technology room. For peace of mind, every resident room is equipped with an individual emergency alert system that feeds directly into the centrally located care stations. Outside, residents can enjoy the fresh air on a large, covered back patio. The central administrative building anchors the facility, providing nine professional offices, a conference room, a main lobby entrance, public restrooms, and a dedicated on-site barbershop. It also houses three large restrooms, one of which includes a shower. This building also contains a massive, industrial-grade commercial kitchen complete with oversized walk-in refrigerators and freezers. The two-parcel property has a total area of 2.51 acres. It provides a peaceful and comfortable environment for its residents. The facility aims to offer specialized care and support for the elderly, ensuring their well-being and safety. Investment Highlights: - Value-Add Turnaround Play: Midtown Villa is currently operating at 20-25% physical occupancy, presenting an exceptional opportunity for a sophisticated operator to acquire an under-managed asset at a low cost-per-bed basis and drive massive equity growth through stabilization. - Turn-Key Real Estate & RCFE Infrastructure: Bypasses the 2-to-3-year development, construction, and initial CDSS licensing phase required for a 102-bed facility. The real estate and core operational footprint are fully intact, drastically reducing time-to-market. - 100% Private Pay Foundation: Free from complex government reimbursement restrictions, providing a clean operational slate to reset market rates, roll out tiered care programs, or selectively introduce premium waivers to supercharge occupancy. - Strategic Dual-Occupancy Layout: Configured as private and 2 beds per room, allowing an operator to market affordable, semi-private companion suites—a highly resilient, high-demand product tier in the cost-conscious Hemet retirement market. - Below Replacement Cost: Constructing a 102-bed, dual-wing facility in California—factoring in land acquisition, strict seismic zoning, commercial kitchen buildout, and delayed-egress safety corridors—costs vastly more than $127k per bed today.

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$336 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Parkside Mansion

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,336 SF

ZONING

C2 , Hemet

APN/PARCEL ID

448-310-022,448-310-024

ASK ABOUT THIS PROPERTY

Jennie ChingKW Commercial, Real KnowledgeMore Info
310-779-5376

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Jennie ChingKW Commercial, Real KnowledgeMore Info
310-779-5376

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.