Exceptional South-of-the-Boulevard investment opportunity in Woodland Hills featuring a rare fully upgraded three-unit property configured and furnished for operation of a 14-bed detox rehabilitation facility. The seller has obtained licensing approvals for the facility which is already in operation. Projected net income from the 12-14-bed operation, after payment of operating… Read More expenses, is estimated at approximately $85,000-145,000 per month. An excellent opportunity for investors seeking healthcare-related real estate with strong income potential. The property may be purchased with or without the business operation. For investors seeking passive ownership, the seller is willing to lease back the property under a long-term lease consisting of an initial 3 5 year term with two renewal options at a starting rent of $18,000 per month plus annual increases. Situated on a spacious corner lot near Ventura Blvd., The Village, and Warner Center, the property consists of three separately configured units with multiple private entrances and outdoor areas, ideally suited for detox, recovery, transitional housing, or other treatment-related operations subject to buyer verification. All three units have been upgraded and fully furnished for facility use. Read Less
Courtesy of Arora Realty 818-235-7713
Listing Snapshot
Days Online
23
Last Updated
Property Type
Single Family Residence
Beds
8
Full Baths
7
Square Ft.
4,145
Lot Size
0.2 Acres
Year Built
1963
MLS Number
SR26113442MR
30 Days Snapshot Of 91364
$1.66M
+5%
(avg) sold price
6
-14%
homes sold
51
-63%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Range", "Inside"
Building
4,145 sq ft, Built in 1963, "Detached/No Common Walls"
Community
"Suburban"
Cooling
"Central"
Fireplaces
"Living Room"
Garage
3 total garage spaces
Water Features
Water: "Public"
Home Owner's Association
Homeowner Dues: $0
Laundry
"Inside"
Lot
LotAcreage: 0, LotSizeArea: 8,808
Parking
CarportSpacesTotal: 0, TotalParking: 3
Pool
"None"
Property
EntryFloorNumber: 1, LandLeaseType: "Fee", PropertySubType: Single Family Residence, ViewYN: t
Sewer
"Public Sewer"
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