Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

8

Building size

2,009 sqft

Lot size

2,009 sqft

Year built

1910

Stories

2

Garage spaces

0

Heating

Electric

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

0

MLS #

249341542

About this property

Marilla Inn RARE EIGHT-UNIT INVESTMENT OPPORTUNITY ON BEAUTIFUL CATALINA ISLAND! Located on the corner of Vieudelou Avenue and Marilla Avenue, 132 Vieudelou offers an exceptional opportunity to acquire a versatile income-producing property in the heart of Avalon. Just up the street from Step Beach and within easy walking distance of downtown beaches, shops, restaurants, and the waterfront, this desirable location combines convenience and versability. This eight-unit property presents several attractive possibilities for investors and business owners alike. Expand your real estate portfolio, explore a 1031 tax deferred exchange, or provide much-needed employee housing for local businesses. Another appealing option is to reserve one unit as a personal Catalina Island retreat while maintaining rental income from the remaining seven units. An on-site coin operated laundry facility adds convenience for tenants while generating supplemental income. With established rental income, multiple ownership possibilities, and a prime location in one of Southern California's most unique coastal communities, 132 Vieudelou offers a compelling opportunity to invest in Catalina Island real estate. Eight-unit properties in Avalon are seldom available, making this a noteworthy addition to any real estate investment portfolio.

Location

132 Vieudelou Avenue

Avalon, Los Angeles, CA, 90704