340 S Garfield Ave
Monterey Park, CA 91754
Kings Lodge Inn · Hospitality Property For Sale
·
14,576 SF
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1971/2015 |
| Building Class | C | Parking Ratio | 2.54/1,000 SF |
| Lot Size | 0.85 AC | Corridor | Exterior |
| Building Size | 14,576 SF | ||
| Zoning | R3, Montery Park - Residential zoning | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 14,576 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2015 |
| Parking Ratio | 2.54/1,000 SF |
| Corridor | Exterior |
| Zoning | R3, Montery Park - Residential zoning |
About 340 S GARFIELD AVE , MONTEREY PARK, CA 91754
First time on the market in over 40 years! The King's Lodge Motel is located in the heart of Monterey Park. A free-standing 14,576 square feet building comprising two stories sitting on a 36,745 square-foot lot which includes a detached private 2 bed 2 bathroom managers quarter at the back of the property. The Motel consists of 38 rooms (24X King Bedroom and 14X Double Queen). Conveniently located between the 10 and 60 freeways. Just 6 miles from Downtown Los Angeles and 17 miles from LAX. The City of Monterey Park was recently rated the "Best Place to Raise a Family" and this recognition marks the second time this year Monterey Park has been singled out as one of the best communities to live, work and play in the United States. Sale includes the land, building, and motel business. The motel provides very strong cash flow and robust property appreciation for the serious investor and operator. With continuous and returning local clientele. Projected to net over 5.4% Cap this coming year, this investment opportunity is second to none.
Property Taxes
| Parcel Number | 5257-016-011 | Improvements Assessment | $1,497,172 |
| Land Assessment | $619,240 | Total Assessment | $2,116,412 |
Property Taxes
