Avalon, CA90704
| 58700 sqft | MLS# 25545553
Tract:
For Sale $12,000,000
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.
Facts
| Built in 1983 | Lot Size: 61768.00 sqft | HOA Dues: $0/month
Features
Listing provided by Tony Azzi, Tony Azzi
Based on information from California Regional Multiple Listing Service, Inc. as of September 17, 2025. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
