321 East Huntington Drive

CBRE is proud to present the sale of the Residence Inn by Marriott, a 120-room, all-suite extended-stay hotel located at 321 E Huntington Drive in the prestigious, high-barrier-to-entry market of Arcadia, California.

This offering represents a compelling opportunity for institutional and generational wealth investors to acquire a premium select-service asset in an affluent Los Angeles County suburb. Situated on 3.23 acres with a 77,636 square-foot building, the property benefits from a prime location just off the 210 Freeway, offering excellent connectivity to the greater San Gabriel Valley and Downtown Los Angeles (16 miles).

This trophy asset is offered at $37,200,000 ($310,000 per key), representing a rare chance to acquire a stabilized, high-yield investment with an 8.10% annualized cap rate (T-8 Nov 2025). With owner-carry financing available (minimum 40% down payment), this provides a sophisticated investor with a flexible and immediate entry point into one of Southern California’s most resilient and sought-after hospitality submarkets.

The property features 120 spacious suites, a product ideally suited for extended-stay success. These units offer fully equipped kitchens, separate living areas, and high-quality finishes. Guest amenities further enhance the appeal, including an outdoor pool, fitness center, meeting space, tennis court, basketball court, and a convenience store, all contributing to a comfortable, home-away-from-home experience. The hotel has undergone significant capital investment, including a comprehensive $3+ million TRIP scope renovation (completed 2024–2025) which delivers immediate, stabilized performance and maximizes cash flow potential. This ensures a competitive, refreshed product fully aligned with the latest Marriott brand standard.

The investment is underpinned by the exceptional demographics of the Arcadia market. Consistently ranked as an affluent community in the San Gabriel Valley, the local area boasts an average household income estimated at over $130,000 and average home prices at $1.3MM. This demographic strength provides a recession-resilient demand base from corporate travelers, relocating families, and high-end leisure guests.

Furthermore, the hotel is strategically positioned to capitalize on powerful future demand drivers. Its proximity to The Shops at Santa Anita (2.1 miles) and the Santa Anita Golf Course (1.1 miles) ensures steady commercial and leisure demand. Crucially, the location offers a significant advantage with Los Angeles hosting the 2028 Summer Olympics. The property is within short proximity to major venues like the LA Memorial Coliseum, Rose Bowl, and Dodger Stadium. The fact that the Santa Anita Racetrack in Arcadia is slated to host key Olympic events further enhances the asset's long-term value proposition and demand forecast for both the pre-Games and event periods. Regional infrastructure improvements, such as the Metro A Line (formerly Gold Line) extension, now connect the San Gabriel Valley directly to Downtown Los Angeles and link to other major lines, significantly enhancing the area’s economic and tourist accessibility across Southern California.

This is a unique opportunity to acquire a premium select-service property in a dynamic suburb within Los Angeles County. This trophy asset represents a valuable long-term investment, perfectly suited for institutional professionals looking to expand their portfolio or those engaged in a 1031 Exchange. With its Marriot brand affiliation, recent turn-key renovations, and location within one of Southern California's most desirable and high-demand markets, the property offers exceptional stability and enduring value for generations.