321 Tremont St Avalon, CA 90704
Fully occupied multifamily property with guaranteed income in coastal Avalon.
Lot size:
1.68 AcresProperty Features for 321 Tremont St
General Information
- Lot size
- 1.68 Acres
Building Details
- Year built
- 1983
Source: Tony Azzi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Avalon Multifamily Investment Opportunity
The property at 321 Tremont Street, constructed in 1983, encompasses approximately 58,700 square feet distributed across five two-story buildings, situated on a 61,768 square foot leasehold lot. The unit mix includes ten 1-bedroom/1-bath units, thirty-seven 2-bedroom/2-bath units, and fifteen 3-bedroom/2-bath units. Community amenities feature on-site laundry facilities, a children's playground, and shared open-air gathering spaces. The property is fully occupied and benefits from a tenant waitlist exceeding 30 years. Rent collections are secured through a HUD HAP contract, providing investors with guaranteed income, minimal management requirements, and strong tenant retention. The asset offers long-term upside potential with annual rent escalations and five-year market rent resets. This multifamily asset is positioned in a supply-constrained rental market.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Avalon
- County
- Los Angeles
- State
- California
- Longitude
- -118.433
- Latitude
- 33.382
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FAQs
What type of property is this?
Apartment building - Fully occupied multifamily property with guaranteed income in coastal Avalon.
Where is this apartment building located?
The property is located at 321 Tremont St Avalon, CA.
What is the asking price?
The asking price for this property is $10,750,000.
What are key features of this property?
This property features: - 100% Occupancy with a 30+ Year Tenant Waitlist and Guaranteed Income via HUD HAP Contract.; - Desirable Unit Mix: Features (10) 1-Bed/1-Bath, (37) 2-Bed/2-Bath, and (15) 3-Bed/2-Bath units.; - Located in a supply-constrained and sought-after Southern California coastal rental market.