4607 California Pkwy, Forest Hill, TX 76119-7571

This exceptional 61-unit assisted living facility, built in 1971 and renovated in 2015, presents a compelling investment opportunity. Located in Forest Hill, Texas, just minutes from downtown Fort Worth, this property boasts a prime location with easy access to major highways I-20 and I-820. The 2.02-acre lot includes 31 parking spaces. The facility features 160 beds, comprised of both semi-private and private rooms, and is currently operating at over 90% occupancy. Amenities include a fully gated perimeter, two interior courtyards, administrative offices, a welcoming lobby and reception area, a commercial kitchen, a dining room, and a laundry room equipped with washers and dryers. The property is zoned for multifamily development, offering additional investment potential. Situated in the rapidly growing Tarrant County, this facility benefits from a strong local economy fueled by major employers, including Fortune 500 companies. The significant growth in the senior population, coupled with limited new construction post-pandemic, creates a high demand for assisted living facilities, making this a truly turnkey investment with substantial long-term growth prospects. This property offers a rare combination of strong current performance and significant future upside in a thriving market. The property's location and amenities make it an attractive option for residents and investors alike.