321 Tremont St Active Save Request In-Person Tour Request Virtual Tour
Avalon,CA 90704
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 58,700 sqft
Price per Sqft $183
MLS Listing ID 25545553
Bedrooms 90
Year Built 1983
Lot Size 1.418 Acres
Property Sub-Type Multi-Family
Property Description
321 Tremont Street spans approximately 58,700 square feet across five two-story buildings and sits on a 61,768 SF leasehold lot. Built in 1983, the property features a highly desirable unit mix of (10) 1-Bed/1-Bath, (37) 2-Bed/2-Bath, and (15) 3-Bed/2-Bath units. Community amenities include on-site laundry, a children's playground, and shared open-air gathering areas. The property is 100% occupied with a tenant waitlist exceeding 30 years and receives full rent collections through a HUD HAP contract offering investors guaranteed income, minimal management, and strong retention. With annual rent escalations and five-year market rent resets, the asset offers long-term upside with stable in-place cash flow. Positioned in one of Southern California's most supply-constrained and sought-after rental markets, 321 Tremont presents a rare opportunity to acquire an institutional-quality multifamily asset with reliable returns in a uniquely irreplaceable coastal location.
Location
State CA
County Los Angeles
Area Catalina
Zoning AVU
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Attached
Garage Spaces 70.0
Building
Story 2
Others
Special Listing Condition Standard