358 Metropole Avenue, Avalon, California 90704, Avalon, 90704 - bed, bath
ACTIVE$1,790,000
358 Metropole Avenue, Avalon, California 90704
0Bed
0Bath
1,780Sqft
5,878Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Catalina Island Location: This property offers a rare opportunity to own a triplex on an expansive lot in the highly desirable Catalina Island, a prime and unique location.
Top Cons:
Historic Property Age: Built in 1927, the property is nearly a century old, which likely means older systems, potential deferred maintenance, and a need for significant modernization.
Compared to the nearby listings
Price:$1.79M vs avg $1.82M ($-30,000)50%
Size:1,780 sqft vs avg 1,854 sqft50%
Price/sqft:$1.0K vs avg $98350%
More Insights
Built in 1927 (98 years old).
Condition: Built in 1927, this triplex is significantly aged. While the property appears to be maintained and income-producing, the interior images reveal highly outdated kitchens and bathrooms across all units, featuring older white appliances, laminate countertops, basic cabinetry, and dated tile work. Flooring consists of older carpets and what appears to be linoleum or worn hardwood/laminate. Light fixtures are basic and old-fashioned. Exterior decks show significant wear and tear, requiring refinishing or replacement. The property is functional but requires substantial cosmetic updates and likely system upgrades to meet current standards and appeal. It is not in a state of disrepair that would classify it as 'poor' based on structural integrity, but it is far from modern and shows its age throughout.
Year Built
1927
Close
-
List price
$1.79M
Original List price
$2.5M
Price/Sqft
$1,006
HOA
-
Days on market
-
Sold On
-
MLS number
PW24161934
Home ConditionFair
Features
Excellent View: Canyon, Ocean, Panoramic
Deck
Patio
ViewCanyon, Ocean, Panoramic
About this home
Rare Opportunity to Own a Triplex with Ocean and Canyon Views Don’t miss this chance to purchase this triplex on an expansive lot on Catalina Island with endless possibilities to expand or develop the entire property. This property is already income producing and has untapped potential for growth and appreciation. Enjoy the breathtaking views of the ocean from the deck as well as the amazing canyon views from the back. The triplex consists of three units: Unit A is a 2 bed 1 bath, Unit B is a 2 bed 2 bath, and Unit C is a 1 bed 1 bath. The property also has approximately 3 golf cart parking spots in addition to street parking for your convenience. This is a rare opportunity to own a versatile and valuable property in a prime location.
Condition Rating
Fair
Built in 1927, this triplex is significantly aged. While the property appears to be maintained and income-producing, the interior images reveal highly outdated kitchens and bathrooms across all units, featuring older white appliances, laminate countertops, basic cabinetry, and dated tile work. Flooring consists of older carpets and what appears to be linoleum or worn hardwood/laminate. Light fixtures are basic and old-fashioned. Exterior decks show significant wear and tear, requiring refinishing or replacement. The property is functional but requires substantial cosmetic updates and likely system upgrades to meet current standards and appeal. It is not in a state of disrepair that would classify it as 'poor' based on structural integrity, but it is far from modern and shows its age throughout.
Pros & Cons
Pros
Prime Catalina Island Location: This property offers a rare opportunity to own a triplex on an expansive lot in the highly desirable Catalina Island, a prime and unique location.
Income-Producing Triplex: Comprising three distinct units (2B/1B, 2B/2B, 1B/1B), the property is already income-producing, offering immediate cash flow and investment stability.
Exceptional Ocean & Canyon Views: Enjoy breathtaking panoramic views of the ocean from the deck and amazing canyon views from the back, significantly enhancing the property's appeal and value.
Significant Development Potential: The expansive lot and existing triplex offer 'endless possibilities to expand or develop the entire property,' indicating substantial untapped potential for growth and appreciation.
Substantial Price Reduction: The property has seen a significant price drop from its original list price of $2.499M to $1.79M, suggesting a motivated seller and potential for a favorable acquisition.
Cons
Historic Property Age: Built in 1927, the property is nearly a century old, which likely means older systems, potential deferred maintenance, and a need for significant modernization.
Potential for Extensive Renovation: The description highlights 'untapped potential' and 'expand or develop,' implying the property may not be turn-key and could require substantial capital investment for upgrades or redevelopment.
Island Logistics & Costs: Being located on Catalina Island, the logistics and costs associated with transporting construction materials, hiring labor, and general maintenance can be considerably higher and more complex than mainland properties.