1.9 Acres 61,700 Sq Ft

Description of 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 Features of 6343 Rosemead Boulevard, San Gabriel, CA 91775

TYPE
Hotel/Motel
Year Built
1965
Community
654 - San Gabriel
Features
Lot acreage is: 1.8990
Lawn sprinkler
Natural gas
Units in building(s): 184
Total square feet: 82720.00
Community laundry
Courtesy of: Your Home Sold Guaranteed Realty

Homes for Sale Nearby 6343 Rosemead Boulevard, San Gabriel, CA 91775

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Office License: 01908329
Agent License: 01824795
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Last Updated: 7/22/2019