Looking for feedback on assisted living investment in San Diego

Investor · San Diego, CA · Member since 2017 · 107 posts · 35 votes

Hi everyone,

As my title says it, I'm trying to get more concrete feedback on the assisted living investment here in San Diego. I have done plenty of research, but I keep getting mixed reviews from an investment perspective. My own numbers are not looking that attractive as highly portrayed and not sure whether I am being too conservative in my numbers. So, if you have experience investing in assisted living in the San Diego County, I'd love to hear how profitable it is along its pro and cons. I have a property that is one story with 8 BR and 6 baths in Corridor (92104 between 15 and 805).
Thanks for consideration.

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Al Boettger
Real Estate · Southern New Jersey · Member since 2014 · 78 posts · 31 votes
2y
I suggest you go to RALNA.org which is the Residential Assisted Living Network Association. On their site, there is a home locator function. Go to the area you are looking into and find facilities there. Then reach out to them. You want this. Most of the time, this is not a "competition" thing. Facility operators network, keeping up on the latest laws and trends. It is also in their best interest to have contingency plans in place in case of evacuation, meaning, they might have cross agreements, which were led to by connecting initially. In their circles, they also may know who is tired and thinking of selling, and so on.
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Nate MeekerBusiness Member
Real Estate CPA | California · Member since 2020 · 544 posts · 251 votes
2y
I have a client who is apart of the same organization listed above and is doing quite well in San Diego!
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