High-Yield Motel in Alhambra, CA | Multifamily Conversion Potential

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

• 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.

• 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.

• 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.

• Diverse Exit Strategies: Investors can capitalize on several pathways to liquidity, including:

  • Condominium Sellout: Capitalizing on high price-per-square-foot (PPSF) trends.

  • Build-to-Rent: Stabilizing the asset for long-term yield.

  • Institutional Disposition: Future bulk sale to institutional buyers seeking core-plus assets.

• 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.