3630 California St Omaha, NE 68131
This 41,150 square foot, four-story assisted living and memory care facility, built in 1962 and renovated in 2004, sits on a 54,014 square foot lot in Omaha, Nebraska (APN: 0944250051). The property features 72 beds across 54 units, offering assisted living, memory care, and respite care. Amenities include a full commercial kitchen, spacious dining rooms (including a private dining room), a chapel with daily services, a barber and beauty salon, library, media room, activity and craft room, landscaped courtyard, pub area, bird aviary, and laundry facilities. The property boasts 24-hour medical staff and is located in a Community Redevelopment Area, offering a value-add investment opportunity. The building is offered free and clear of existing debt, with seller financing available for qualified buyers. The net rentable square footage is 22,408 square feet, with a permitted zoning of R3-*LL. This unique property is deeply integrated into the surrounding community, fostering intergenerational activities. The asking price is $3,950,000 ($95.99/sq ft, $73,148.15/unit). The ownership is fee simple.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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