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6343 Rosemead Boulevard
San Gabriel, CA 91775

$16,500,000 
  • -- Beds
  • -- Baths
  • 61,700 sqft
  • Commercial | Hotel/Motel
  • Active
6343 Rosemead Boulevard, San Gabriel - 697214866
6343 Rosemead Boulevard, San Gabriel - 697214867
6343 Rosemead Boulevard, San Gabriel - 697214868
6343 Rosemead Boulevard, San Gabriel - 697214869
6343 Rosemead Boulevard, San Gabriel - 697214870
6343 Rosemead Boulevard, San Gabriel - 697214871
6343 Rosemead Boulevard, San Gabriel - 697214872

Property Description for 6343 Rosemead Boulevard, San Gabriel CA 91775

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 Class: Commercial Sale
  • Listing Status: Active
  • City: San Gabriel
  • State: CA
  • Zip: 91775
  • Area: 654 - San Gabriel
  • County: Los Angeles
  • Class: Commercial
  • Property Subtype: Hotel/Motel
  • Approx Lot Size: 1.899
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 61,700 sqft
  • Lot Sq Ft Apx: 82720.00
  • Year Built: 1965
  • Listing#: AR19074403
  • Parcel Number: 5381035029
  • List Date: 4/3/2019
  • Last updated on: 6/20/2019

Property Features for 6343 Rosemead Boulevard, San Gabriel CA 91775

  • Utilities Sewer: Sewer Connected
  • Year Built: 1965
  • Lot Desc: 0-1 Unit/Acre, 2-5 Units/Acre, Lot Over 40000 Sqft, Sprinkler System

Additional Information for 6343 Rosemead Boulevard, San Gabriel CA 91775

  • Development Status: Existing
  • Gross Building Area: 61700.00
  • Heating Fuel: Natural Gas Connected
Courtesy of Katie Yau, Your Home Sold Guaranteed Realty
Copyright 2019, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.