Catalina Island ~ Triplex! AMAZING INVESTMENT OPPORTUNITY! This triplex is centrally located on the flats of Avalon straight up the street from the Catalina Pleasure Pier. Well maintained and a turnkey property. Seller has upgraded and kept up with any and all needed repairs. Built in 1961, this 2,408 sq. ft. of living space sits on a fee simple 1,606 sq ft lot. The street level bottom floor has (2) - 1 bedroom, 1 bath units each approximately 600 sq ft (one with build in laundry). The entire upstairs is a spacious 1,200 sq ft 2 bedroom, 1 full and 1 three quarter bathrooms. It has a large kitchen and its own laundry room. All three units have been upgraded in recent years with triple pane windows, granite countertops, custom cabinets, and upgraded bathrooms. The carpet in the upstairs is new and the laminate flooring in the downstairs units was installed with the other upgrades. Exterior has also been well maintained with newer exterior paint, gardening, and the sewer lateral line was proactively replaced as required by the City of Avalon for a property to transfer to a new owner. All three units are currently rented to a local business that pays the rent whether the units are occupied or not. All units are on month-to-month leases to accommodate future arrangements a new owner may desire. The upstairs larger unit comes with a SHORT-TERM TRANSIENT RENTAL LICENSE that can be used for vacation rentals. This property checks all the boxes. 3 blocks from Avalon Bay and it's beaches, shopping stores, and restaurants. If you need employee housing, want a unit for yourself and want to rent out the other two units to offset your expenses, or just want a piece of property on Catalina Island for an investment, you won't find a better property. Catalina Island is a wonderful place to work remotely and slow down, relax, and live your life on your terms. Seize this opportunity and make this property your chunk of paradise!!
Catalina Island~8 year round rental income units located on Marilla Avenue. Large 8.207 +/- sq.ft. fee simple lot. Approximately 1 1/2 blocks to the beach. 14 total bedrooms, 7 bathrooms. Year round rentals are in high demand. All unit are currently occupied.
Welcome to Paradise on Catalina Island! This duplex on the west hillside of Avalon Bay features 2 bedrooms and 1.5 baths upstairs with ocean views from the living room and both bedrooms as well as the expansive patio. The lower level consists of a secluded 1 bedroom, 1 bath, living room and full kitchen. This year round rental unit has its own entrance from Hiawatha Ave. Both are a short distance to the beach and all Avalon has to offer. Live in one, rent out the other! Designed and constructed by the renowned David Malcolm (D.M.) Renton, friend and architect for the William Wrigley Family, in 1926 (per assessor). This beautiful duplex consists of 1720 square feet of living space and sits on a 3135 square feet lot. The main, 2 bedroom home, has a wood burning fireplace surrounded by Batchelder custom tiles. Both electrical and plumbing were updated during in 1994. Hardwood floors, wide baseboards, crown molding, ceiling fans and floods of natural light. This home is equipped with interior sprinkler fire system. The outdoor deck has an amazing ocean view, lighting and wrap around bar seating. There are many spaces to explore throughout the yard. There is a large storage unit just below the new deck added in 2020. Galley kitchen with gas range, microwave, dishwasher and double stainless steel sinks and loads of natural light. All appliances included. Home has A/C & heat on upper level. The off street parking even has a gorgeous view. Come visit Island life today! Possibilities with city and Edison approval; Add an ADU where the terrace is. Also, the garage is approximately 9'x19' with 10' ceilings, might be convertible to a studio apartment as well with open concept, kitchen/living room/Clei Italy Wall bed with sofa and maybe even a loft. Another possibility is to convert to a bedroom suite for the downstairs unit. 1031 Exchanges welcomed!
Avalon is located in California. Avalon, California has a population of 3,778. Avalon is less family-centric than the surrounding county with 29.04% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Avalon, California is $62,986. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Avalon is 34.5 years.
The average high temperature in July is 75.4 degrees, with an average low temperature in January of 49.5 degrees. The average rainfall is approximately 13.1 inches per year, with 0 inches of snow per year.
