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2156 E Colorado Boulevard
Pasadena, California CA91107-3653

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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Listed by: CINDY JIE, DRE #02053015 from Pinnacle Real Estate Group 626-888-9808
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