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San Gabriel, 6343 Rosemead Boulevard

6343 Rosemead Boulevard, San Gabriel, CA, 91775

$16,500,000 No Taxes

Listing Number: AR19074403 Listing provided courtesy of Your Home Sold Guaranteed Realty
About this listing
We are proud to offer Golden Motel, a 184-room motel 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 current vacancy is ?56% and current expenses are 70% from Effective Gross Income. 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. The property has 2 elevator shafts that have not been utilized for a long time. Each unit has an average size of ?290 sqft to ?340 sqft (buyer to verify) with small kitchenette area, closet area, and full bathroom. Each unit has a wall A/C & heating unit, carpet flooring, popcorn ceiling, laminate kitchenette countertop, refrigerator, and microwave.
Property Information
  • Property Type: Other
  • Approx year built: 1965
  • Address
    • County: Los Angeles
    • Directions: Cross Street: Longden Ave.
    • Property Location: Los Angeles
  • Property Features
    • Water Source: Public
    • MLS Area: San Gabriel
    • Unit Total: 184
    • Building Total Sq Ft: 61700
    • APN No: 5381035029
    • Utilities: Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
    • Condition: Existing
Courtesy Of
Katie Yau
Your Home Sold Guaranteed Realty
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