CA > Avalon
Avalon, CA 90704,321 Tremont St
Avalon, CA 90704,321 Tremont St
Avalon, CA 90704,321 Tremont St
31
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$10,750,000
Est. payment /mo
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90 Beds
88 Baths
58,700 SqFt
Price Dropped by $1.2M

321 Tremont St Avalon, CA 90704

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Derek Johnson

Derek Johnson

+1(310) 424-8883

UPDATED:

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

Acres 1.6818

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

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Tony Azzi

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Derek Johnson

Derek Johnson

Agent | License ID: 02051308

+1(310) 424-8883

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321 Tremont St