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$12,000,000

Est. payment - /mo

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90 Beds

88 Baths

58,700 SqFt

Active

321 Tremont ST Avalon, CA 90704

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 58,700 sqft

Price per Sqft $204

MLS Listing ID 25545553

Bedrooms 90

HOA Y/N No

Year Built 1983

Lot Size 1.418 Acres

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 1C - Catalina

Zoning AVU

Interior

Fireplace No

Exterior

Total Parking Spaces 70

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7480002071

Special Listing Condition Standard

Listed by Tony Azzi Tony Azzi

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