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6900 Royer Avenue
West Hills CA 91307 US

$1,795,000real estate property listed by Realty Executives real estate property listing

Active Listing ID SR21206286
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Built in 1957
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Lot: 15,596.00 squareFoot
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Single Family Attached

$1,795,000real estate property listed by Realty Executives real estate property listing

Active Listing ID SR21206286
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6900 Royer Avenue Start or expand your senior care business with this substantial and unprecedented opportunity to own two houses on one large corner lot in West Hills. Totaling 4, 619 square feet with, 11 bedrooms, 5 Retrofit Bathrooms w/ Curbless Showers, 1 Guest/Staff Bathroom, and two kitchens. PLUS a private 1 -bedroom quarters with kitchen, bathroom, walk-in closet great for a home-operator or staff members. Two separate addresses allow the operator to apply for separate licenses and consolidate operations to keep costs lower. Pro forma of $750, 000 annually as RCFE Assisted Living or $1, 320, 000 annually as CLHF Medi-Cal Congregate Living Health Facility. Large fenced private courtyard off kitchens plus massive backyard behind homes. The original home remodeled in 2003 features 6 bedrooms, has an attached 2-car garage, spacious driveway and front-yard parking w/ a large dining room, living room and commercial-grade kitchen with buffet bar and plenty of cabinet storage. The second home was completed in December 2018 and features 5 Bedrooms with three retrofit bathrooms, beautiful kitchen, ample open space for dining and living with individual Climate-Controlled heat/AC units. Solar panels on roof. Median Household Income for West Hills is $120, 000 almost twice the LA County average. Adjacent to Fallbrook Center Shopping Mall with Home Depot, TJ Maxx, Olive Garden, Chili’s, Stonefire Grill, Jamba Juice, Starbucks, Sprouts, Ralphs and many more. Senior care market is currently strong with high growth trajectory. Per Center for Housing Studies at Harvard University, 65-and-over population will increase by more than 30 million people by 2035 and the 80-and-over population will nearly double to reach 24 million by 2035. Per Grand View Research, senior housing growth rate of 5.3% expected from 2021 to 2027. Market Value Size in 2021 $87.4 billion. Revenue Forecast in 2027 USD $119.2 billion. Statements made for informational purposes only. Buyer to satisfy self with all investigations and inspections. Property 3D Tours and In-person tours for both 6900 and 6902 Royer are available by request.

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Property Features

  • Facts
  • Built in: 1957
  • Lot Size: 15,596.00 acre
  • Property Type: MultiFamily
  • Property Sub-type: Single Family Attached
  • Features
  • Parking Type: Garage
  • Roof Type: Unknown
  • Additional Features
  • Lawn
Listing Changed: 9/29/2021 7:24:46 PM GMT
Source Updated Date: 10/27/2021 6:30:08 AM GMT

Courtesy of: Jordan Tanner, Realty Executives Homes

Listing Source - ListHub

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