Residential Healthcare Real Estate
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RCFE
Stage 1 · Pre-Buildout
Fully FundedRCFE

Residential care facility conversion

Fullerton RCFE Conversion

Fullerton, Orange County, CA

Investment thesis

A Stage 1 conversion that has completed its capital raise. Shown as a proof-of-concept of a fully funded pre-buildout deal: the raise is closed, capital is deployed, and the project is now executing toward stabilization. No new investment is being accepted.

Property overview

1,880 sq ft home approved for a six-bed RCFE conversion. The offering reached its full raise and buildout is underway; this listing demonstrates the closed / fully funded state of a Stage 1 deal.

Healthcare use case

Serves lower-to-moderate acuity assisted-living residents in a dense north Orange County submarket with sustained demand for small residential care homes.

Operator / tenant

Operator lease in negotiation

Capital is committed; operator lease is being finalized ahead of stabilization. Closed to new investment.

Stage 1 · Pre-Buildout

Stage 1 - Pre-buildout details

You are participating before the buildout is complete and before lease income exists. Higher target upside, higher execution risk.

Purchase price
$360,000
Estimated buildout cost
$135,000
Plan approval status
Use permit approved · buildout underway
Projected post-buildout value
$735,000
Expected tenant rent
$9,200 / mo
Expected stabilization
~9–12 months to stabilization
Target investor return
16%–21% target IRR (illustrative)
Key risks
Construction / buildout

Buildout is funded and underway; remaining-scope overruns or delays remain a risk.

Licensing

RCFE licensing must be completed before operation.

Tenant placement

Operator lease is being finalized; execution on expected terms is a key risk.

Timeline

Stabilization assumes the current schedule holds.

Financing

Take-out financing terms may change before completion.

Reimbursement / regulatory

Licensing or reimbursement changes could affect operator economics.

This is a prototype using fictional data. Nothing here is an offer to sell or a solicitation of an offer to buy any security, and no money can be invested. Targeted returns are illustrative, not guaranteed, and actual results may differ materially.