858-525-5007

321 Tremont, Avalon CA 90704 | $10,750,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 61768 Lot Sq Ft
  • Type:
  • Stories: 2
  • Year Built: 1983
  • MLS#: 25545553
  • Community: 1C - Catalina

Listing provided courtesy of Tony Azzi of Tony Azzi. Last updated 2025-11-04 09:11:40.000000. Listing information © 2025 SANDICOR.

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.

More Details

1.42 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985