Tustin Rehabilitation Hospital

14851 Yorba Street & 165 N. Myrtle Avenue | Tustin, CA

Buildings Available for Sale

Investment Opportunity

Orange County’s only existing freestanding IRF
Ability to go-to-market at a fraction of the time and cost to develop new
High barrier-to-entry, in-fill location with development occurring all around
Potential to increase bed counts in the IRF
IRF meets OSHPD’s 2030 seismic compliance requirements*
Zoning & Land Use

*Seismic Performance Category (SPC) rating of 3 meets 2030 requirement, however Non-Structural Performance Category (NPC) does not. Prospective buyers/tenants are encouraged to consult with OSPHD directly for more details.

Property Overview

The Property consists of approximately 73,180 SF of space in two separate structures. A Single-Story vacant, 17,180 SF former skilled nursing facility (SNF) and a 2-Story, 56,000 SF, 48 bed inpatient rehabilitation facility (IRF), which will be vacant by March 2022.

This property presents a unique opportunity for a variety of potential healthcare uses including:

Inpatient Rehabilitation Facility (IRF)
Behavioral Health including residential treatment and/or acute
psychiatric hospital
Skilled Nursing Facility (SNF)
Long-term Acute Care Hospital
Assisted Living and/or Memory Care (AL/MC)

14851 Yorba Street

14851 Yorba Street is a 2-story, 56,000 sq. ft. building completed in 1991 situated above a 2-level, below-grade parking garage providing 149 stalls. An additional 10 off-street stalls are provided at surface level fronting Yorba Street for a total of 159 stalls. The building is built-out and currently utilized as a 48-bed inpatient rehabilitation facility or IRF. Those 48 beds are comprised of 21 semi-private (dual occupancy) rooms and 6 private (single-occupancy) rooms. The current zoning (Public and Institutional or P&I) allows for “hospital” use with a conditional use permit (CUP), which was originally granted in 1988 allowing for up to 40 beds.

165 N. Myrtle Avenue

165 N Myrtle Avenue is a single-story, 17,180 sq. ft. building completed in 1971. The building was originally utilized as a skilled nursing facility (SNF), but is now vacant. The SNF building was included in the 1988 CUP and subsequent amendments allowing an additional 59 beds for a total of 119 beds between both buildings. An enclosed walkway connects the SNF to the IRF providing easy access between the two buildings. This may present an opportunity to relocate non-clinical functions from the IRF to the SNF in oder to increase the bed count of the IRF to the maximum 60 beds.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

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Tustin Rehabilitation Hospital

14851 Yorba Street & 165 N. Myrtle Avenue | Tustin, CA

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MIA PHAM

Senior Vice President

949.790.3129

[email protected]