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.
Avalon is located in California. Avalon, California has a population of 3,514. Avalon is less family-centric than the surrounding county with 18.63% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Avalon, California is $78,221. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Avalon is 45 years.
The average high temperature in July is 78.3 degrees, with an average low temperature in January of 48.4 degrees. The average rainfall is approximately 13.7 inches per year, with 0 inches of snow per year.
