24163 Mentry Drive

Price
Listing Tags
—
Beds
20.9
Size
3731 sqft
Type
Single Family

Overview

A six-bedroom, four-bathroom home in Santa Clarita, California, with a separate downstairs suite and three large shared living areas. Offered at $9,500 a month.

Lease and Income Structure

24163 Mentry Drive is a six-bedroom, four-bathroom home in Santa Clarita, California, offered for lease to a recovery housing operator at $9,500 per month. Most of the house has been updated, and the layout gives residents both private space and plenty of room to gather.

The property

The main floor has a bedroom with easy access to a full bathroom. A separate downstairs suite has its own living area, which works well for a house manager or a resident who needs more privacy. Upstairs are four large bedrooms.

The house has three generously sized shared living areas. An operator can set one aside for house meetings, another for meals, and keep the third for quiet time or work, so residents are not all competing for the same room.

Operating in California

California does not license sober living homes that provide no treatment services; the Department of Health Care Services licenses residential treatment, which is a different model. CCAPP is the state's NARR affiliate and certifies recovery residences to national standards, and many referral sources look for that certification. Check local rules with the City of Santa Clarita before you open.

Key property details

Address: 24163 Mentry Drive, Santa Clarita, CA 91321
Property type: Single-family home
Bedrooms / Baths: 6 BD / 4 BA
Common space: three shared living areas plus a separate downstairs suite
Asking lease: $9,500/month

Diligence

Confirm the bed count and room sizes with the owner before building a lease-up plan, along with the lease term and what the owner provides at signing. Verify zoning and any local requirements for group living with the City of Santa Clarita.

Property Financials
Bed Data
Total Beds 20.9
Vacancy Rate (estimated) 20%
House Mentors 1.7
Revenue-Producing Beds 15.30
Intake Fee $200.00
Revenue (Annual)
Plus: Intake Fee Revenue $6,800.00
Plus: Laundry Service Revenue $3,536.00
Expenses (Annual)
Operating Expenses $19,972.00
Property Insurance $2,600.00
Operator Compensation $24,000.00
Valuation
Capitalization Rate 8.50%