This is a rare opportunity to acquire a high-performing hospitality asset in the heart of the San Gabriel Valley. Currently operating as a 19-key motel with a robust 8.72% Cap Rate, this property offers immediate cash flow with significant Value-Add potential. Situated in a prime infill location, the site is perfectly positioned for a high-density multifamily conversion.
Core Property Specifications
Investment Highlights
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Strategic Multifamily Conversion: Significant development upside with the capacity to build 21 modern units. The site supports premium layouts designed to capture top-tier market rents.
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Prime Alhambra Location: Located in a coveted infill pocket just minutes from Downtown Los Angeles and Pasadena, benefiting from dense demographics and a massive local demand base.
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High Barriers to Entry: The San Gabriel Valley is known for limited new supply and strict zoning regulations, ensuring long-term value preservation and a competitive edge over aging inventory.
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Diverse Exit Strategies: Investors can capitalize on several pathways to liquidity, including:
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Condominium Sellout: Capitalizing on high price-per-square-foot (PPSF) trends.
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Build-to-Rent: Stabilizing the asset for long-term yield.
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Institutional Disposition: Future bulk sale to institutional buyers seeking core-plus assets.
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Strong Market Absorption: Due to the lack of new construction in the submarket, any newly developed units are expected to be absorbed rapidly at a significant premium.
Note: This property represents a unique "dual-play" investment—providing strong existing income ($340k NOI) while the entitlements for the 21-unit development are processed.