6343 Rosemead Boulevard San Gabriel, CA 91775

$16,500,000 

6343 Rosemead Boulevard

 
Year Built: 1967
Land: 1.96 acres (approx.)
MLS ID: AR19163648
Golden Motel, a 184-room motel (21 units are being run as apartment - grandfathered in by the county) investment opportunity located in the City of San Gabriel, CA (unincorporated area of Los Angeles County). This offering provides a rare opportunity for investors to acquire a well-located motel with tremendous repositioning potential through corrective management to reduce current expenses. The property has been with the same ownership for more than 20 years. The property is located on Rosemead Blvd and is surrounded by single family residential communities, neighborhood shopping centers, and other residential community amenities. The property is a three-story garden style property that was built in 1967. It has an estimated size of ±61,701 SF and situated on a ±1.9acres lot. It is zoned C2 (Neighborhood Commercial) which allows multiple uses and require CUP for its current operation as a motel. It has a lobby area with secured receptionist area and a private office. It provides a center courtyard with lush landscaping and fenced swimming pool. Each unit has an average size of ±290 sqft to ±340 sqft (buyer to verify) with small kitchenette area, closet area, and full bathroom. The property has a total of 104 open parking spaces (4 are for disabled parking). Most of the units have not been upgraded which provides excellent repositioning opportunity to investors. Confidentiality Agreement is required to get full marketing setup.


 
 
Listing Courtesy of:
GIG Real Estate Inc.
Handoko Chen
mes1448236800

Exterior Features

Type of Property
ResidentialIncome
Garage/Parking
Attached Garage Bays:
Attached Parking Bays: Driveway,Asphalt
Parking Lot Bays: 104.00
Driveway
Asphalt
Other Features
Community

Property/Lot Details

Lot Location
36-40 Units/Acre
Lot Over 40000 Sqft
This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. EQUAL HOUSING OPPORTUNITY
 
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