332 Clemente Avenue

    Avalon, CA 90704
    • $2,200,000
    • STATUS: Active
    • ON SITE: 219 days
    • ID#: SB19048507
    UPDATED: 117 min ago
    $2,200,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,439
      SQFT
    • $404
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Ratings & Info

    Description

    Catalina Island 8 unit multifamily property for sale! Windjammer Apartments on the market for the first time in over 20+ years! A unique income property located at 332 Clemente Ave. in the city of Avalon. This 14 bedroom, 9.5 bath building is an oldie but goody! Contemporary style fixer at a great price. Rarely do multi unit properties with this many units come onto the market. Take advantage of this rare opportunity to own a piece of Avalon that provides income as well as other uses like employee housing for the business owner. Housing in Avalon is in short supply and there is high demand for rentals. The Windjammer Apartments offer 3 bedroom, 2 bedroom, 1 bedroom and studio options with a recently rebuild laundry room for all to share. Built in 1915 on a 5,805 +/- sq. ft. lot with an overall living space of 5,439 sq. ft. and hillside views. Recommended upgrade needed. Conveniently located on the East side of town close to restaurants, shopping, and entertainment.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/92579119

    332 Clemente Avenue Avalon, CA 90704

    • Price: $2,200,000
    • Status: Active
    • Updated: 117 min ago
    • ID#: SB19048507
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    5,439
    SQFT
    $404
    $/SQFT
    1915
    Built
    Neighborhood:
    1C - Catalina
    County:
    Los Angeles
    Area:
    1C - Catalina
    Property Description
    Catalina Island 8 unit multifamily property for sale! Windjammer Apartments on the market for the first time in over 20+ years! A unique income property located at 332 Clemente Ave. in the city of Avalon. This 14 bedroom, 9.5 bath building is an oldie but goody! Contemporary style fixer at a great price. Rarely do multi unit properties with this many units come onto the market. Take advantage of this rare opportunity to own a piece of Avalon that provides income as well as other uses like employee housing for the business owner. Housing in Avalon is in short supply and there is high demand for rentals. The Windjammer Apartments offer 3 bedroom, 2 bedroom, 1 bedroom and studio options with a recently rebuild laundry room for all to share. Built in 1915 on a 5,805 +/- sq. ft. lot with an overall living space of 5,439 sq. ft. and hillside views. Recommended upgrade needed. Conveniently located on the East side of town close to restaurants, shopping, and entertainment.
    Exterior Features

    Architectural Style Contemporary Construction Materials Wood Siding Fence YN No Fencing None Garage Spaces 0.00 Lot Features 6-10 Units/AcreBack YardLevel With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking Total 0.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View HillsNeighborhood View YN Yes

    Interior Features

    Appliances Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating ElectricNatural Gas Heating YN Yes Interior Features 2 Staircases Laundry Features Dryer IncludedGas & Electric Dryer HookupWasher HookupWasher Included Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsGolfGuttersHuntingMountainousSidewalksStreet Lights Country Us Electric Standard Electric Expense 7200.00 Elevation Units Feet Fuel Expense 7200.00 Gross Income 2000.00 Gross Scheduled Income 125940.00 Insurance Expense 18195.00 Land Lease YN No Laundry Income 1160.00 Laundry YN Yes Net Operating Income 62289.00 New Construction YN No New Taxes Expense 20000.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 63651.00 Other Expense 1908.80 Other Expense Description Salt Wtr Professional Management Expense 0.00 Property Condition Fixer Property Sub Type Commercial/Residential Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvSee Remarks Total Actual Rent 10070.00 Total Expenses 63651.00 Trash Expense 4345.60 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 13782.00 Water Source Public Year Built Source Assessor Zoning Avr3*

    Listing provided courtesy of Jordan Lake of Catalina Realtors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
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