1621 Grand Avenue
Retail | 14,240 SqFt
Marketing description
Located in the prestigious Riviera neighborhood, with entrances off Arrellaga St. and Grand Avenue, this property was originally part of the historic St. Francis Hospital site. In 1992, the building was transformed into a senior care facility. The building includes a spacious penthouse apartment with stunning views and a private two-car garage. Most of the facility's operations were situated on the first floor, featuring large common areas, a laundry room, and a beauty shop. In front of the building is a sizable outdoor area, currently underutilized, offering potential for further development. Parking for the facility is available on an adjacent parcel, secured through an easement with access from Arrellaga Street. The penthouse apartment's two-car garage has separate access via Grand Avenue.
Investment highlights
- Offered at $6,250,000
- Building Size ±14,240 SF ($439/SF); Facility: ±11,980 SF; Residential: ±2,260 SF
- Land Size ±31,363 SF • ±0.72 AC ($199/SF) (Parking easement substantially enlarges the usable property.)
- Units: 20 Congregate Care + 2BD/2BA Penthouse Apartment (Apartment is leased. Call Listing Agent for details).
- Facility Improvements: Dining Room, Large Kitchen, Recreation/Exercise Room, Laundry, Salon, Staff Offices, Private & Shared Restrooms, Terraces & Patios Overlooking Landscaped Grounds
- APN 027-270-036
- Zoning R-M
- HVAC None
- Parking: 11 Spaces on Adjacent Parcel Per Easement. 2-Car Garage For Third Floor Apartment.
- Elevators Yes
- Floors 3
- Sprinklers Yes (Facility Only)
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