818-888-8899
1775 Madera Rd, Simi Valley, CA for Sale
Hospitality - FOR SALE
1/5
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1775 Madera Rd
Simi Valley, CA 93065


OVERVIEW

Hi Buyers and Agents, We wanted to exclusively bring an exciting investment opportunity to your attention: the Best Western Posada Simi Valley. This prime hotel offers comfortable and convenient accommodation for travelers, ideally located near the Reagan Library, various event venues, hiking and golf courses, and charming neighboring cities like Thousand Oaks, Moorpark, Oxnard, Santa Barbara, Porter Ranch, Northridge, Studio City, Hollywood and LA Downtown. Guests can enjoy amenities such as complimentary breakfast, an outdoor pool, and a fitness center. The hotel also features banquet rooms and wedding ceremony sites, offering full liquor service. The two-story hotel currently has 120 rooms within its 68,960 SF building on a 3.27-acre lot. The current zoning fortunately is for three stories, presenting a significant opportunity for expansion. Subject to a Conditional Use Permit (CUP), an additional sixty rooms or expanded banquet facilities could be added to the top of the second floor, which would significantly increase profitability. Financial highlights from 2022 to 2024 include: * Average Revenue: $4,774,768 * Average Total Cash Flow: $1,895,000 This exceptional hotel is an ideal acquisition for an investor with an entrepreneurial vision. Please feel free to make an offer. If you need any additional information, please contact me by email or phone. Please note that all information provided has come from reliable sources. However, the sellers and their agents do not guarantee their accuracy. Buyers are responsible for investigating and confirming all information during the due diligence period. Best regards, Steve (Soung) Lee Executive Commercial Consultant, MBA CAR Broker License: 00698945 CMR Investments, Inc. Dba California Mutual Realty 21777 Ventura Blvd. Suite 214 Woodland Hills, CA 91364 Tel: 818-888-8899 Mobile: 310-529-5884 Email: s.lee@cmr-income.com

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

120

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Posada Royale Hotel & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

160

LAND DETAILS

LAND ACRES

3.27 AC

LAND SF

142,441 SF

ZONING

CPD

APN/PARCEL ID

580-0-020-615

ASK ABOUT THIS PROPERTY

Steve LeeCalifornia Mutual RealtyMore Info
818-888-8899

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Steve LeeCalifornia Mutual RealtyMore Info
818-888-8899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.