8730 Artesia Blvd - Hospitality FOR SALE


Bellflower, CA 90706
$15,000,000 USD
562-505-6449
8730 Artesia Blvd, Bellflower, CA for Sale
$15,000,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

8730 Artesia Blvd
Bellflower, CA 90706


HIGHLIGHTS

  • Moderate Foot Traffic
  • Lots of nartural light
  • Open plan lots of open space

OVERVIEW

Los Angeles HOTEL FOR SALE - Perfect for the Homekey + /Veteran Affairs collaboration Conversion Comprising a 63-room limited-service motel under the name "Red Roof Inn," the subject structure was originally constructed in 1984 with materials of average quality for that era. Following recent renovations, the property's condition now ranges from average to good. The subject property falls under the Class "D" category, featuring a wood frame and stucco structure designed in a garden style with exterior entrances for each guest room. During our inspection, we measured the exterior building area, and our findings aligned closely with the public record, registering at 23,781 square feet. Therefore, we have maintained the public record square footage throughout this report. The site spans 63,472 square feet or approximately 1.46 acres, resulting in a floor area ratio of 37.47%, a typical figure for this type of two-story development. Each guestroom is equipped with a kingsize bed, bathroom, flat-screen TV, mini refrigerator, microwave, wall-mounted air-conditioning, work desk, and a full bathroom with a shower and tub. Among the 63 rooms, there are three ADA accessible rooms, with an average room size of 377 square feet. Additionally, there are 6 ?superior king? rooms which have kitchenettes. Of the ?superior king? rooms, 3 have jacuzzi tubs. Lobby & Guest Rooms The interior improvements within the lobby area include tile flooring and a small countertop dedicated to providing coffee and a microwave for motel patrons. The receptionist area is separated by tempered glass. Guest rooms have been enhanced with vinyl wood flooring, crown moldings, granite countertops in the bathrooms, tile in the bathrooms, dual pane sliding windows, and handlebars in the bathrooms of ADA accessible guest rooms. Additionally, electronic card security locks provide access to each guest room, while smoke and carbon monoxide detectors have been installed throughout. Access to the subject property is facilitated through two ingress and egress driveways along the south side of Artesia Boulevard. A total of 100 marked parking spaces are available, equating to a parking ratio of 4.21 spaces per 1,000 square feet of gross floor area. The subject property is located at 8730 Artesia Boulevard in Bellflower and can be identified with Assessor's Parcel Number 7162-015-067. Property sold As-is

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$503 USD /SF

# OF ROOMS

63

PRICE/ROOM

$238,095 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn Los Angeles Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

105

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

CG

APN/PARCEL ID

7162-015-067

ASK ABOUT THIS PROPERTY

Gilbert MoralesTCB Real Estate ServicesMore Info
562-505-6449

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Gilbert MoralesTCB Real Estate ServicesMore Info
562-505-6449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.