6353 Rosemead Blvd
San Gabriel, CA 91775
184-room ValueAdd Motel(21-unit as apartment) · Hospitality Property For Sale · 61,701 SF

CONTACT LISTING AGENT FOR FULL INFO - SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR MORE INFORMATION. The Growth Investment Group is 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. 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. LOCATION AMENITIES AND ACCESS The property occupies the highly desirable location on Rosemead Blvd with easy access to FWY 210 and FWY 10. It is within walking distance to the City of Arcadia and the City of Pasadena. The nearby attraction includes Westfield Santa Anita Mall in Arcadia, Santa Anita Race Track, Huntington Drive retail corridor, and Rosemead Blvd retail corridor. The property is located within the award-winning Temple City Unified School District. Because of its convenient location and prominent frontage on Rosemead Boulevard, the apartment has a superb exposure and excellent curb appeal that makes the property easy to rent.