Listed by CINDY JIE with Pinnacle Real Estate Group

2156 E Colorado Boulevard

Pasadena, CA, 91107

$18,880,000

$795 per ft²
$18,880,000
$795 per ft²
Active
Active
 - For Sale
carpenters-square
23,722 ft²
property_type
Commercial
calendar
Built 1981
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.
MLS® ID:
WS22245462
Listed:
11/20/22
Updated:
3/21/23
Compass
The Chang Group
Office: (626) 487-8100Email: brent@brentchang.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Laundry Room, Outside
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
0.73 acres lot
Lot Details
Back Yard, Front Yard, Near Public Transit, Rectangular Lot, Sprinkler System
Roof
Tile

Other Property Details

Area Name
648 - Pasadena (SE)
Garage
No
Parking
62
Parking Total
62.0
View
N
County
Los Angeles
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Water Available
Water Source
Public
Pool
No
Total Stories
3
Buyer Agency Compensation
1.500

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/21/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/21/23 at 1:46 PM UTC

Compass
The Chang Group
Office: (626) 487-8100Email: brent@brentchang.com
Contact