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Property Detail

Property Detail

Property Detail

321 Tremont, Avalon, CA 90704

321 Tremont, Avalon, CA 90704

$10,750,000 LOGIN TO SAVE

Bedrooms: 0

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Bathrooms: 0

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Area: 0 SqFt.

    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.

    Features​

    • 1.42 Acres
    • 2 Stories

    Steve and Diana Lincoln

    Call or Text Steve: (760) 707-6033​​​​​​​​​​​​​​

    ​​​​​​​Call or Text Diana: (760) 707-6034

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    Contact

    CA DRE #01870580

    6965 El Camino Real 105-690, Carlsbad CA 92009

    877.692.8427

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    #1 Agent in Aviara

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2017 Sandicor®, Inc.

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