Lanai Motel
Ownership has elected to market the property after successfully stabilizing operations and completing substantial renovations, creating an opportunity for new ownership to capitalize on both current cash flow and long-term redevelopment potential.
Lanai Motel For Sale in Alhambra, California – $4.25 Million
Business Name
Lanai Motel
Industry
Website
Address
Country: United States
Address Line 1: 1749 W. Valley Boulevard
Address Line 2:
City: Alhambra
State: California
ZIP Code: 91803
Years in Business
65 (Built 1961 • Renovated 2019)
Business For Sale
Sales Price
$4,250,000
Describe Your Business
The Lanai Motel is a rare 19-key hospitality investment located in Alhambra, California, within the highly desirable San Gabriel Valley and only minutes from Downtown Los Angeles and Pasadena. This independent motel combines stable operating income with significant long-term redevelopment potential, making it an attractive opportunity for hospitality investors, multifamily developers, private equity firms, family offices, and commercial real estate investors.
Originally constructed in 1961 and extensively renovated in 2019, the property features modernized guest accommodations, a well-maintained exterior, and a spacious 3-bedroom, 2-bath owner's residence that provides additional operational flexibility for owner-operators or on-site management.
One of the property's most valuable characteristics is the inclusion of excess developable land, creating opportunities for future expansion, affordable housing conversion, multifamily redevelopment, condominium development, additional guest rooms, or long-term land appreciation.
The property currently operates with 100% occupancy, an Average Daily Rate (ADR) of approximately $130, and produces approximately $340,000 in trailing twelve-month Net Operating Income (NOI).
Located directly along Valley Boulevard, the motel benefits from exceptional visibility and demand generated by nearby healthcare institutions, higher education campuses, retail centers, government offices, and Southern California's dense residential population.
For investors searching for motels for sale in California, hospitality investments, commercial redevelopment opportunities, multifamily conversion projects, or income-producing commercial real estate, the Lanai Motel represents an exceptional value-add investment.
Why Are You Selling?
Ownership has elected to market the property after successfully stabilizing operations and completing substantial renovations, creating an opportunity for new ownership to capitalize on both current cash flow and long-term redevelopment potential.
The property's location within one of Southern California's highest barrier-to-entry hospitality markets significantly enhances its long-term investment profile. Strict zoning, limited hotel supply, strong regional demographics, and continued demand for workforce housing and hospitality accommodations support multiple exit strategies.
Potential future ownership strategies include:
Continue operating as an independent motel
Increase ADR through revenue optimization
Affordable housing conversion
Multifamily redevelopment
Condominium sellout
Build-to-rent development
Expansion utilizing excess land
Bulk institutional sale following redevelopment
Boutique hospitality repositioning
Qualified buyers utilizing hospitality acquisition financing, commercial real estate financing, bridge loans, construction financing, private equity, institutional capital, family office investment, 1031 exchange proceeds, or commercial redevelopment financing are encouraged to inquire.
How Will the Funds be Used?
As this is a business acquisition opportunity, buyer financing may be utilized for:
Hospitality acquisition financing
Commercial real estate acquisition
Affordable housing conversion
Multifamily redevelopment
Hotel expansion
Guest room renovations
Additional room construction
Architectural planning
Site improvements
Entitlement and permitting
Construction financing
Bridge financing
Working capital
Property management improvements
Revenue management technology
Digital marketing
Commercial refinancing
Following acquisition, investors may substantially increase property value through redevelopment, adaptive reuse, additional density, multifamily construction, or hospitality repositioning while maintaining current operating income.
Annual Revenue
$100K–$500K (Approximately $340,000 T-12 NOI reported)
Timeline
Immediately
Primary Contact
First Name: Majid
Last Name: Radaei
Email: majid@radcre.com
Phone: (818) 334-2111
Link
Notes
The offering includes both the operating motel and an adjacent developable land parcel incorporated into the asking price. Additional due diligence materials, operating statements, redevelopment information, financial documentation, and property reports are available through RAD Commercial Realty following execution of a Non-Disclosure Agreement (NDA).alty is the exclusive listing brokerage for this hospitality investment opportunity. Additional financial statements, operating reports, property documentation, franchise information, and due diligence materials are available within the secure deal room following execution of a Non-Disclosure Agreement (NDA).
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