321 Tremont Street Avalon, CA ^$ 10,750,000

321 Tremont Street

^$ 10,750,000

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321 Tremont Street

Avalon, CA, 90704

^$ 10,750,000

Studio Baths0.0 Sq 58,700

Monthly Estimate*

^$ 67,066

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Studio

Multi-Family Home for sale in Avalon, CA

for $10,750,000. This 58,700 square foot home was built in 1983 on a lot size of 1.42.

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.

Multi-Family Active

Price

^$ 10,750,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

1.42

Year Built

1983

Town/City

Avalon

County/Region

Los Angeles

MLS | Web ID

0025545553

Features

General

Living Area 58700.0

Zoning AVU

Year Built 1983

Levels Two

County Los Angeles

Net Operating Income 689528.0

New Construction No

Property Type C

HOA No

Status Active

City Avalon

Senior Community Y/N No

MLS Area 1C - Catalina

Lot Size Units Square Feet

Lot Size Square Feet 61768.0

Standard Status Active

Exterior

Lot Size Area 61768.0

Pool Y/N? Yes

Building Area Total 58700.0

Lot Size Acres 1.42

Land Lease Type Fee

Interior

Total Stories 2

Total Baths 0

* Excluded Features

List By

Tony Azzi

Listing Agent

Tony Azzi

Broker

Affordability Calculator

$67,066

Per Month

Monthly Principal & Interest: $67,066
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Avalon, CA

Average List Price ^$7,398,500

Percent of Sale Price 31%

About Avalon, CA

3,614 Population

11% Since 2002

^$65,938 Median Income

39.79 Median Age

36% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/13/2025	$10,750,000	-10.42%	Price Down
9/17/2025	$12,000,000		Listed Price

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321 Tremont Street, Avalon, CA, 90704 is a Multi-Family Home for sale at $10,750,000 with 58,700 sqft and a lot size of 1.42. 321 Tremont Street is a studio with 0.0 baths and was built in 1983. The property's zip code is 90704 which is in Avalon, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 10/13/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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321 Tremont Street

Multi-Family Home for sale in Avalon, CA

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