Avalon is the only incorporated city on Santa Catalina Island of the California Channel Islands, and the southernmost city in Los Angeles County. The city is a resort community with the waterfront dominated by tourism-oriented businesses. The older parts of the town on the valley floor consist primarily of small houses and two and three-story buildings in various traditional architectural styles.

Demographics

3,764
1,358
(10.14%) 382
$62,986
$82,805
$661,500
http://www.cityofavalon.com/
https://en.wikipedia.org/wiki/Avalon,_California
http://worldpopulationreview.com/us-cities/avalon-ca-population/
(69.9%) 2,631
(0.4%) 15
(0.3%) 11
(29.4%) 1,107

Avalon, CA

$6,250,000
7.64% Cap
  • 9,400
    Sqft.
  • 6,534
    Lot Sf.
  • 24
    Units
  • 56%
    Occ.
  • 1990
    Built

Highlights

• Rare Opportunity to Acquire a Catalina Island..
• Over 1 Million Visitors Per Year to the Islan..
• High Barriers to Entry

Avalon, CA

  • $6,250,000
    Price
  • 9,400
    Sqft.
  • 6,534
    Lot Sf.
  • 24
    Units
  • 56%
    Occ.
  • 1990
    Built

Catalina Island welcomes around 1 million visitors a year via Ferries, Helicopter or Private Boats and Planes. With limited opportunities for new development and rising visitor volume this value-add hotel investment opportunity provides high barriers to entry with potential for significant cash flow increase over the long term. The property is about 1/2 block to the Pacific Ocean and extremely...

View Property
Image Address Type Risk Type City St County Map Built Price Square Feet Price/ ft NOI Cap Rate Occupancy Avg NNN Land Size # Tenants Avg Term Avg HH Income Major Tenants
229 Metropole Avenue Retail Avalon CA Los Angeles County Map 1990 $6,250,000 9,400 $478,373 7.64% 56% 6,534 24 24
Image Address City St County Map Brochure Landlord Building Size (sf) Unit Size (sf) Office SF Built Ceiling Height Docks Grade Column Sprinklers NNN Rate Est Opex Gross Rate Monthly Gross Rate Cubic Feet Per Cubic Ft