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Submitted URL: http://mogharebi-wildomarsenior.com/
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This page requires JavaScript. Please enable JavaScript to view this page. Visit www.rcm1.com if you need additional help. * View Agreement * THE OPPORTUNITY * AFFORDABLE SUMMARIES * AMENITIES * Map * LOCATION * PHOTO GALLERY * Statistics * CONTACT US View Agreement > WILDOMAR SENIOR 32325 S PASADENA, WILDOMAR, CA 92595-7930 -------------------------------------------------------------------------------- THE OPPORTUNITY -------------------------------------------------------------------------------- The Mogharebi Group is pleased to present the exclusive offering of Wildomar Senior Living Leisure Community & Assisted Living in Wildomar, California. The 284-unit campus comprises a 176-unit senior apartment complex (55 or better) and 108-unit assisted living community, in a single setting. The entire campus features nearly full welfare exemption from ad-valorem real estate taxes due to affordability covenants and qualifies for tax-credit re-syndication. There is excess land at the property that has the potential for additional senior apartment units. The assisted living is licensed for up to 152 beds there are currently 108 private beds. Utility expenses at the property can be reduced by installing solar panels and by xeriscaping. The entire complex was developed by the current owner in 2000 (senior apartments) and 2002 (assisted living). The pride of ownership and quality is apparent in Wildomar Senior’s turnkey condition, superior construction and design. The property’s stunning architecture combined with its quiet parklike grounds and close proximity to major medical services, shopping, and unrivaled affordability, provides Wildomar Senior with a large service area. It is highly desirable to seniors and their relatives who are local or live nearby in Orange and San Diego Counties. Wildomar Senior presents an amazing investment opportunity for both short-term and long-term growth. 2000 / 2001 HIGH QUALITY CONSTRUCTION Tax credit re-syndication potential. Welfare property tax exemption in-place. SIGNIFICANT REVENUE UPSIDE This has been a family run operation, there is a strong opportunity to reduce expenses and increase occupancy with improved management. 55+ SENIOR COMMUNITY (176 INDEPENDENT & 108 ASSISTED LIVING) The property is well maintained and features high quality construction. 100% PROPERTY-TAX EXEMPTION There is excess land where additional senior living units may be constructed. TURNKEY CONDITION Opportunity to reduce utility costs with solar panels and xeriscaping. ENHANCE EFFICIENCY Located to the west of Interstate 15 in Riverside County making a quick commute into Orange and San Diego Counties. SIGNIFICANTLY BELOW REPLACEMENT COST The property features a park-like setting with benches, gardening plots, walking trails, and shaded picnic areas with barbecue grills as well as a swimming pool and Jacuzzi. CLOSE TO ENTERTAINMENT, SHOPPING AND MEDICAL FACILITIES Wildomar Senior is near to the Inland Valley Medical Center and within walking distance to restaurants and post office. AFFORDABLE SUMMARIES -------------------------------------------------------------------------------- INDEPENDENT LIVING - 176 UNITS The senior apartments are encumbered by Regulatory Agreement TCAC #CA-99-834, date effective August 5, 2000. The credit period started in 2001. The compliance period runs for a term of 30 years. The agreement stipulates that all of the units (except a manager unit) are to be rented to tenants that have incomes that are at or below 60% of the Area Median Income (AMI). Overall, the property has an average target of AMI 60%. The property is 100% tax exempt. ASSISTED LIVING - 108 UNITS The assisted living is encumbered by Regulatory Agreement from HUD #143-3036, and filed with the Riverside County Clerk as Instrument Number 2000-148142, the effective date is September 11, 2001. The credit period started in 2001. The compliance period runs for a term of 30 years. The agreement stipulates that 22 of the units are to be rented to tenants that have incomes that are at or below 50% AMI and the remaining 86 units are restricted to households that are at or below 95% AMI. The property is 100% tax exempt. AMENITIES -------------------------------------------------------------------------------- UNIT * Plush Carpeting in Living Areas * Vinyl Flooring in Kitchen and Bath Areas * Air-Conditioning * Gas Heating * Pre-Wired for Cable and Security Alarm KITCHEN * Electric Range / Oven * Hood-fan * Refrigerator * Disposal COMMON AREA * Swimming Pool and Spa * Elevator * Garden / Courtyard / Walkways * Laundry Rooms (3) - (Total: 16W & 16D) * Senior Center, Cafeteria * Leasing Office Map is unavailable. Luftbild Straße Eine Standardstraßenkarte Luftbild Eine detaillierte Luftaufnahme Vogelperspektive Luftaufnahme mit einer besseren Schrägansicht Beschriftungen Beschriftungen 50 Fuß 20 m © Vexcel Imaging, © 2022 TomTom, © 2022 Microsoft Corporation Terms 32325 S Pasadena, Wildomar, CA 92595-7930 LOCATION -------------------------------------------------------------------------------- WILDOMAR, CALIFORNIA Situated along Interstate 15 between the cities of Lake Elsinore and Murrieta in southwestern Riverside County, Wildomar is approximately 70 miles north of San Diego and 60 miles southeast of Los Angeles. Incorporated as a city in 2008, its boundaries encompass 24 square miles, providing a small-town “community ranch” atmosphere with modern amenities. Wildomar is a rapidly expanding community within the broader Inland Empire region, which spans 27,000 square miles and is home to over four million people. With its year-round warm, dry climate, scenic mountain views, relative housing affordability, and exceptional recreation and entertainment options, the region consistently ranks as one of the best areas to raise a family in California. Nearly 500,000 people reside within a 20-minute drive of Wildomar, and the area’s business-friendly environment is ripe with continued growth opportunities in retail, hospitality, and office development. Additionally, Mt. San Jacinto College purchased an 80-acre site in Wildomar in 2018 as a potential new campus that can accommodate 10,000 full-time or 15,000 part-time students. PHOTO GALLERY -------------------------------------------------------------------------------- 284 Units 97,220 sq ft 2000 Year Built CONTACT US -------------------------------------------------------------------------------- Alex Mogharebi The Mogharebi Group (909) 235-7888 Otto Ozen The Mogharebi Group (909) 235-7886 Ben Ketel The Mogharebi Group (949) 688-2052 Deutsch English (United States)Česky简体中文繁體中文DeutschEnglish (United Kingdom)Español (América Latina)Español (España)FrançaisGaeilgeItaliano日本語MagyarNederlandsNorskPolskiPortuguês (Brasil)Português (Portugal)RomânăРусскийSlovenčinaSuomiSvenskaTürkçe Forward ListingHelp Powered by RCM LightBox View Agreement >