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Sherry Ramos

sherry.ramos@engelvoelkers.com +1(818) 429-2793

$ 7,200,000

Est. payment -/mo

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303 Crescent AVE Avalon, CA 90704

9,048 SqFt

UPDATED:

10/30/2024 06:00 PM

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 9,048 sqft

Price per Sqft $795

MLS Listing ID SB24220823

HOA Y/N No

Year Built 1982

Annual Tax Amount $44,739

Tax Year 2023

Lot Size 4,347 Sqft

Property Description

Catalina Island ~ Avalon front street prime location, retail / residential building. Built in 1982 this 3-story building has 9,048 sq ft +/- of rentable space. Retail space 6,000 sq ft +/- is currently being used by a prominent bank which is the only bank in the town of Avalon, and a second local business. The upstairs 3,048 sq ft +/- penthouse apartment offers luxurious living space with an amazing view of the harbor and 4 Bedrooms, 2.5 Bathrooms to accommodate many guests. Other features include spacious living room with a bar and balcony. Elevator to accommodate accessibility. Two private outdoor patios to use as you please, and the property comes with a short-term rental license so you can generate additional income by renting out this highly desirable space. This property is literally next to the beachfront, restaurants, bars, and retail shops. Avalon is a wonderful place to escape to and work remotely. Seize this investment opportunity to own one of Avalon's premier retail spaces and make your fantasies a reality.

Location

State CA

County Los Angeles

Area 1C - Catalina

Zoning AVC1*

Rooms

Other Rooms Living Quarters

Ensuite Laundry Inside, Laundry Room, Upper Level

Interior

Laundry Location Inside,Laundry Room,Upper Level

Heating Central, Forced Air

Cooling None

Inclusions Some furnishings

Fireplace No

Appliance Dryer, Washer

Laundry Inside, Laundry Room, Upper Level

Exterior

Fence None

Community Features Fishing

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Waterfront Description Across the Road from Lake/Ocean,Beach Access,Beach Front,Bayfront,Ocean Front

Present Use Commercial

Building

Lot Description Rectangular Lot, Value In Land, Walkstreet

Story 3

Water Public

Additional Building Living Quarters

Others

Tax ID 7480017023

Security Features Fire Sprinkler System

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard, Trust, No Smoking

Listed by Jordan Lake • Catalina Realtors • 310-386-4928

Sherry Ramos

Advisor | License ID: 01271018

+1(818) 429-2793

Sherry Ramos

303 Crescent AVE Avalon, CA 90704

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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303 Crescent AVE