Property Description
Property TypeCommercial Sale
Property Sub TypeHotel/Motel
SqFt
23,722
Year Built1981
CountyLos Angeles
Price/SqFt$795.89
StatusActive
Ramada by Wyndham Pasadena located on Colorado Blvd in Pasadena, the World famous Rose Parade City, close to Cal Tech, Pasadena City College, Huntington Library, Rose Bowl, Old Town Pasadena and Central Business District of downtown Pasadena. Easy accessibility to freeway, business and transportation. This 3-Story Hotel was built in 1981 with 23,722 sqft building area and a lot size of 31,913 sqft. The frontage of Ramada is in the Annual Rose Parade Route. The building has 80 guest rooms with many amenities including Fitness Center, Business Center, Laundry Facilities, outdoor pool and spa, Free Breakfast, free parking and free internet service. Wheelchair accessible rooms are available. Guest Rooms is a mix of 37 King Beds, 35 Double Queen Beds; 3 ADA Double Queen and 2 King Suites plus 3 converted rooms totaling 80 units. Manager Quarter is converted to two guest rooms with ADA Queen and King Bed. Meeting Room upstairs is converted to Double Queen. About 18 Guestrooms could see the Rose Parade on Colorado from the room balcony. Total about 62 parking spaces. Occupancy has historically been 75-80%. RAMADA is part of Wyndham Worldwide Network. Great potential investment opportunity.
Listing IDWS22245462
Price$18,880,000
Primary Features
County
Los Angeles
Price/SqFt
795.89
Property Sub Type
Hotel/Motel
Property Type
Commercial Sale
Year Built
1981
Interior
Building Area Units
Square Feet
Condo Area Units
Square Feet
Cooling Type
Central Air
Cooling
yes
Heating
yes
Heating Type
Central
Laundry Features
Individual Room, Outside
Stories Total
3
External
Electric
Electricity - On Property, Standard
Entry Level
1
Fence
yes
Fencing
Brick
Lot Size Source
Assessor
Minimum Total Area Units
Square Feet
Number Of Buildings
1
Parking Total
62
Roof
Tile
Water Source
Public
Location
Country
US
MLS Area Major
648 - Pasadena (SE)
Additional
Additional Parcels
no
Asset Class
Hotel/Motel
Building Status
Existing
Days On Market
25
List Agent State License
02053015
List Office State License
01918023
Max Total Area Units
Square Feet
Number Of Units Total
80
Parcel Number
5747009053
Security Features
24 Hour Security, Carbon Monoxide Detector(s), Smoke Detector(s)
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Water Available
Financial
Current Financing
Conventional
Investment Property
yes
Laundry Equipment Own Lease
Own
Special Listing Conditions
Standard
Zoning Info
Home Valuation
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Based on information from CARETS as of Saturday, February 4th, 2023 04:02:13 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
Based on information from CARETS as of Saturday, February 4th, 2023 04:02:13 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
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