337 Clemente, Avalon, California 90704, Avalon, 90704 - 7 bed, 5 bath
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Avalon, California 90704
This Remodeled Victorian Triplex is a Strong Value Opportunity, listed at $1,999,000—positioned well below the $2,094,533 Fair Market Value by 4%. This valuation gap provides $95,533 in Instant Equity for the incoming buyer. The property maintains a Condition Rating of 3, featuring a turnkey owner’s suite with A/C and two established income-generating rental units. With rare off-street parking, an included golf cart, and a prime location near Avalon’s beach, it balances lifestyle luxury with proven cash flow. This is an ideal acquisition for Owner-Occupants seeking a high-end house-hack or Buy-and-Hold Investors.
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 | $904 | - |
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.
Although originally built in 1927, the property has been recently remodeled and is well-maintained. The interior features updated laminate and hardwood flooring, functional kitchens with tile countertops, and the addition of A/C in the owner's unit. It appears move-in ready and functional for its use as a residential income property, fitting the 5-15 year renovation criteria.
This triplex configuration offers excellent versatility, allowing an owner to reside in the remodeled upper unit while generating immediate cash flow from two established lower-level rentals.
The property is ideally situated within walking distance to the beach and downtown Avalon, and uniquely includes a golf cart and rare off-street parking, which are significant value-adds on the island.
The upper 3-bedroom unit features a recent Victorian-inspired remodel, complete with air conditioning and stylish furnishings, providing a modern and comfortable living space ready for immediate occupancy.
With a building size exceeding the lot square footage, the property has a high density and minimal private yard space, which may limit outdoor privacy for the three separate households.
Originally constructed in 1927, the vintage structure may require more intensive long-term maintenance and specialized upkeep typical of century-old coastal properties.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 75% |
| Baths | 5.0 | 3.0 | 75% |
| Square foot | 2,318 | 1,780 | 75% |
| Lot Size | 1,996 | 3,937 | 50% |
| Price | $2.00M | $1.55M | 75% |
| Price per sq ft | $862 | $867 | 50% |
| Built year | 1927 | 1927 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 121 | 25% |
Apr 27, 2026
$1,999,000
Initial Listing