Commercial for Sale – 6343 Rosemead Blvd, San Gabriel, CA 91775, USA -001-11-30T00:00:00-08:00
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 treme
6343 Rosemead Blvd, San Gabriel, CA 91775, USA
$16,500,000 USD
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Address6343 Rosemead Boulevard, San Gabriel
Property SubtypeHotel / Motel
Price$16,500,000
Price Changed3.12% ($500,000, 83 days ago)
Property TypeCommercial Sale
Year Built1965
Bedrooms Total0
Living Area61,700 ft2
Listing IDAR19074403
StatusActive
Parcel Number5381035029
Special ConditionsStandard
Days on Market139

Detailed Description: 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 sq.ft 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 sq.ft to ±340 sq.ft (buyer to verify) with small kitchenette area, closet area, and full bathroom. Each unit has a wall A / C and heating unit, carpet flooring, popcorn ceiling, laminate kitchenette countertop, refrigerator, and microwave.


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Address Information
Address6343 Rosemead Boulevard, San Gabriel
Street SuffixBoulevard
CitySan Gabriel
Location (MLS Area)654 – San Gabriel
County Or ParishLos Angeles
State or ProvinceCA
Postal Code91775
CountryUS
Financial Information
Price Changed3.125%
Previous Price$16,000,000
Price per Square Foot$267.42
Special ConditionsStandard
Tax Year2000
Full Descriptions
Parcel Number5381035029
Detailed DescriptionWe 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 sq.ft 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 sq.ft to ±340 sq.ft (buyer to verify) with small kitchenette area, closet area, and full bathroom. Each unit has a wall A / C and heating unit, carpet flooring, popcorn ceiling, laminate kitchenette countertop, refrigerator, and microwave.
Water SourcePublic
UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Laundry FeaturesCommon Area, Community
Building NameGolden Motel
Property parameters
Year Built1965
Living Area (Sq.Ft.)61,700 ft2
Number of Buildings2
Number of Units Total184
Asset ClassHotel / Motel
Water SourcePublic
Land Usage DescriptionOther
Property SubtypeHotel / Motel
Building StatusExisting
Units Total184
Accounting TypeProForma
Listed withKatie Yau (Your Home Sold Guaranteed Realty)