321 Tremont Street, Avalon, CA 90704

Local realty services provided by:ERA Excel Realty
321 Tremont Street,Avalon, CA 90704
$12,000,000
  • 90 Beds
  • 88 Baths
  • 58,700 sq. ft.
  • Multi-family
  • Active
Listed by:tony azzi
Office:tony azzi
MLS#:25545553
Source:CRMLS

Price summary

  • Price:$12,000,000
  • Price per sq. ft.:$204.43

About this home

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.

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Home facts

  • Year built:1983
  • Listing ID #:25545553
  • Added:12 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:90
  • Total bathrooms:88
  • Living area:58,700 sq. ft.

Structure and exterior

  • Year built:1983
  • Building area:58,700 sq. ft.
  • Lot area:1.42 Acres

Finances and disclosures

  • Price:$12,000,000
  • Price per sq. ft.:$204.43
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