x
Address
6343 Rosemead Boulevard San Gabriel, CA
Price
$ 16,500,000
Property Attributes
  • MLS#AR19163648
  • TypeIncome
  • CountyLOS ANGELES
  • CitySan Gabriel
  • AreaSan Gabriel
  • Zip91775
  • Style
  • Price$ 16,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage61701
  • Lot Size1.96 Acres
Listing Provided Courtesy Of:
Handoko Chen with GIG Real Estate Inc..
Property Description

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.

Price History
7/11/2019 Listed $16,500,000

General Features

Assessments Buyer to Verify
Attached Structure Attached
Community Features Suburban, Valley
Directions FWY 210 exit Rosemead Blvd go south pass Duarte Rd, building is on the right hand side
HOA Fee 0.00
Levels Three Or More
Listagentaor Arcadia
Listing Agent Handoko Chen - BRE#01749321
Listing Agent State License 01749321
MLS Area 654 - San Gabriel
Price Per Square Foot 267.42
Property Attached Y/N Yes
Source System CRMLS
Special Listing Conditions Standard
Total Units 184
Zoning LCR3VV

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Common Area, Community
Laundry Y/N Yes
Number of Wall ACs 184
Refrigerator Count 184
Studio Area Unit Type Square Feet
Total Stories 3

Exterior Features

Building Area Total 61701.00
Carport Spaces 0.00
Garage Spaces 0.00
Lot Features 36-40 Units/Acre, Lot Over 40000 Sqft
Lot Size Acres 1.9636
Lot Size Area 85533.0000
Lot Size Source Assessor
Lot Size Square Feet 85533.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 1
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Parking Features Driveway, Asphalt
Parking Y/N Yes
Pool Features Community
Sewer Public Sewer
Total Parking 104.00
Uncovered Spaces 104.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91775

Price
AVG $11.87M
$16.5M
Visits
AVG 83
270
Year Built
AVG 1960
1967
Walkscore
AVG 65
55
Data Provided by Walkscore ® not using MLS data

Looking for more comfortable experience?

Check out our mobile application and browse the properties as no other.