
Avalon, California 90704
This Triplex Residential Income property is a Strong Value Opportunity, listed at $1,999,000, which aligns perfectly with its $1,999,000 Fair Market Value. Featuring a Good Condition Rating, this 1927 Victorian-inspired home offers a turnkey setup with a 3-bedroom owner’s unit and two established rentals. Key features include a private patio, off-street parking, and a golf cart for island convenience. With immediate cash flow and a prime location near the beach, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 337 Clemente Subject | $1,999,000* List Price | 7 | 5 | 2,318 | $862 | - |
A 358 Metropole Avenue Sold | $1,550,000 | 5 | 4 | 1,780 | $871 | 0.2 mi |
B 358 Metropole Avenue Sold | $1,550,000 | 0 | 0 | 1,780 | $871 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1927 build date, the property is well-maintained and has undergone recent remodeling. The kitchens and bathrooms are functional and clean, featuring a mix of updated appliances and tile work. The inclusion of A/C in the owner's unit and the overall move-in ready condition of the rental units align with the 'Good' criteria.
This triplex configuration features a spacious 3-bedroom owner's unit plus two established rental units, providing immediate cash flow and versatile living options in the high-demand Avalon rental market.
Situated within walking distance to the beach and downtown, the property includes rare off-street parking and a golf cart, which are significant value-adds and conveniences for Catalina Island living.
The recently remodeled Victorian-inspired home combines historic character with modern upgrades like air conditioning and updated finishes, offering a move-in-ready experience for owners or tenants.
With a lot size of just 1,996 square feet, the property offers minimal private outdoor space and limited potential for further expansion or significant landscaping.
Originally built in 1927, the property may require ongoing specialized maintenance typical of older island homes to mitigate the long-term effects of coastal elements and aging infrastructure.
Lovely recently remodeled Victorian inspired home. Upstairs has been used as the Owner's unit and is 3 Bdrms, 1 1/2 Baths, beautifully furnished with A/C, Large Living Room, Outdoor Patio deck. Plus 2 rental units for income downstairs! Currently rented to very good tenants. 1 Bdrm 1 Bath Unit current rent is $1,500, and a 3 Bdrm 2 Bath unit current rent is $2,600. Both share a private patio that's great for entertaining. 1 off street parking and golf cart included. Walk to the beach and everything in town!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 2.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 2,318 | 2,801 |
| Lot Size | 1,996 | 2,479 |
| Price | $2.00M | $1.62M |
| Price per sq ft | $862 | $789 |
| Built year | 1927 | 1930 |
| HOA | $0 | $0 |
| Days on market | 135 | 70 |
Apr 27, 2026
$1,999,000
Initial Listing