102-Bed Assisted Living
2789 Rafferty Rd, Hemet, CA 92545
For Sale
Contact for pricing
Residential care facility with memory care capabilities near Hemet Global Medical Center.
Property Size38,732 SF
Lot Size2.51 Acres
Price / SF$335.64
Days on Market100
Property Features for 2789 Rafferty Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Investment Type
Additional Details
Business Included
Building Details
Year Built
Buildings
Units
Listing Agency:
KW Commercial Alhambra
Listed By:
Jennie Ching · License CA #02018566
Source:
Crexi
Added: Aug 6
Changed: Nov 4
Last Checked: Nov 12 at 6:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Alhambra
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Investment Insights
Based on property information with market context.
The property comprises a 38,732-square-foot residential care facility on 2.51 acres. Midtown Villa provides 102 beds for assisted living and has memory care capabilities, supporting an aging-in-place resident model. The facility is identified as an RCFE and was built in 1998.
Located at 2789 Rafferty Rd in Hemet, California, the property is near Hemet Global Medical Center. C1 zoning applies to the site. The offering combines the care facility improvements and underlying real estate in a single asset.
Located at 2789 Rafferty Rd in Hemet, California, the property is near Hemet Global Medical Center. C1 zoning applies to the site. The offering combines the care facility improvements and underlying real estate in a single asset.
Key Highlights
- 102‑bed RCFE with assisted living and memory care capabilities
- 38,732‑square‑foot facility on 2.51 acres
- C1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$626,936
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,538,720
$12.5M
Cap Rate 7%
$8,956,229
$9.0M
Cap Rate 9%
$6,965,956
$7.0M
Market Conditions
NOI Build-Up for 38,732 SF
Gross rent
$1.16M $30.00/SF
− Vacancy
−$22.1K −$0.57/SF
EGI
$1.14M $29.43/SF
− OpEx
−$512.9K −$13.24/SF
NOI
$626.9K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,538,720
Cap Rate 7%
$8,956,229
Cap Rate 9%
$6,965,956
Alternative Uses
Best Use
Apartment 5plus
$8.96M
$7.84M – $10.45M
NOI $626,936 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.60M
$10.15M – $13.54M
NOI $812,242 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 92545, CA
44,072
Population
17,533
Households
2.5
Avg Household Size
45
Median Age
17%
College-Educated
84%
High-School Grad
29.7 sq mi
ZIP Area
1,484
Density / Sq Mi
$59,575
Median Household Income
$41,732
Median Earnings
$1,778
Median Rent
$334,900
Median Home Value
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Similar Off Market Nearby
- The Village Healthcare Center — 2400 W Acacia Ave, Hemet, CA 92545
- The Village Hemet — 2200 W Acacia Ave, Hemet, CA 92545
Frequently Asked Questions
What type of property is this?
Assisted living facility - Residential care facility with memory care capabilities near Hemet Global Medical Center.
Where is this assisted living facility located?
The property is located at 2789 Rafferty Rd Hemet, CA.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: 102‑bed RCFE with assisted living and memory care capabilities; 38,732‑square‑foot facility on 2.51 acres; C1 zoning
