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131 Metropole Ave Avalon, CA 90704

Sponsored
For Sale
$11,500,000

72-Key Hotel, Redevelopment Opportunity

Description

Added:
Dec 11, 2024
Days on Market:
391
Prime Avalon, California location presents a unique redevelopment opportunity for this 72-key hotel, originally built in 1896 and renovated in 2020. The three-story, 0.62-acre property (APN 7480-018-009) offers fee simple ownership and boasts stunning island and beach views. Currently operating as a boutique hotel and apartment rentals, the property includes hotel rooms, ocean-view suites, and cottage-style apartments. An on-site retail space generates additional income. The property's location in Avalon, Catalina Island, a high-barrier-to-entry market attracting over one million visitors annually, presents significant upside potential. Several redevelopment scenarios are possible, including conversion into an upscale boutique hotel, luxury condominiums, or multifamily apartment rentals. The property's high RevPAR growth market and proximity to attractions like the Green Pleasure Pier, Catalina Island Casino, and Avalon Theatre further enhance its investment appeal. This is an exceptional chance to capitalize on a premium location and create a high-end development on Catalina Island. The asking price is $11,500,000.

Property Features for 131 Metropole Ave

General Information

Property type
Multifamily properties
Lot Size
27,007 SF

Building Details

Year Built/Renovated
1896/2020
Stories
3

HighLights

  • Recently renovated property ideal for conversion to boutique hotel, condos, or multifamily apartments.
  • Generating supplemental income from an existing retail lease.
  • Positioned in a high‑RevPAR growth market.
  • Exceptional, high‑traffic location in a highly competitive market.
  • Situated on Catalina Island, attracting over 1 million annual visitors.
  • Close proximity to popular attractions including the Green Pleasure Pier, Catalina Casino, Avalon Theatre, Lover's Cove, and Catalina Island Museum.
Property Profile Location Intelligence

Current Use by Public Records

Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

Map

City
Avalon
County
Los Angeles
State
California
Longitude
-118.3276226
Latitude
33.3439662

FAQs

What type of property is this?
Multifamily property - 72-Key Hotel, Redevelopment Opportunity
Where is this multifamily property located?
The property is located at 131 Metropole Ave Avalon, CA.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Recently renovated property ideal for conversion to boutique hotel, condos, or multifamily apartments.; Generating supplemental income from an existing retail lease.; Positioned in a high-RevPAR growth market.
More about this property
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