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.
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...
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