Beautiful Homes Real Estate
Daniel Andrade
323-215-9836323-215-9836

6343 6353 Rosemead Boulevard, San Gabriel, CA 91775 (MLS # AR19163648)

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PRICE $16,500,000
BEDS n/a
BATHS 0 baths
HOME SIZE 61,701 sq ft
LOT SIZE 1.96 ac

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.

DAYS ON MARKET 9 LAST UPDATED 7/11/2019
YEAR BUILT 1967 COMMUNITY San Gabriel
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) ResidentialIncome


ADDITIONAL DETAILS
ASSESSMENTS Buyer to Verify
BUILDINGAREAUNITS Square Feet
CARPORTSPACES 0.00
COMMONWALLS 2+ common walls
COMMUNITYFEATURES Suburban, Valley
ELEVATIONUNITS Feet
GARAGESPACES 0.00
LANDLEASEYN 0
LAUNDRYFEATURES Common Area, Community
LEVELS Three Or More
LISTAGENTSTATELICENSE 01749321
LOTFEATURES 36-40 Units/Acre, Lot Over 40000 Sqft
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MLSAREAMAJOR 654 - San Gabriel
PARCELNUMBER 5381035029
PARKINGFEATURES Asphalt, Driveway
POOLFEATURES Community
PRICEPERSQUAREFOOT 267.42
PROPERTYTYPE Residential Income
SENIORCOMMUNITYYN 0
SEWER Public Sewer
SPECIALLISTINGCONDITIONS Standard
STANDARDSTATUS Active
TAXTRACTNUMBER 0
WATERSOURCE Public




 
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Listing provided by : Handoko Chen License # 01749321, GIG Real Estate Inc.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 7/19/19 2:53 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information