117 Clarissa Avenue

    Avalon, CA 90704
    • $2,990,000
    • STATUS: Active
    • ON SITE: 485 days
    • ID#: OC17162062
    UPDATED: 106 min ago
    $2,990,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,512
      SQFT
    • $398
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2006
    County:

    School Ratings & Info

    Description

    This is RARE opportunity to own an investment/income producing property on the beautiful Island of Catalina. The units total 7512 square feet of living/commercial space on 3 levels, with a roof top ocean view deck. DOUBLE LOT -Lot size is 2722. Per Assessor The property offers: 3 office spaces, 2 residential- 2 bedroom units and a fully operational garage/golf cart service on the lowest level. The land is fee simple and all units are presently fully occupied with long term reliable tenants in both offices and residential.Property taxes also include sewer and trash fees (1.25%)

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/74889584

    117 Clarissa Avenue Avalon, CA 90704

    • Price: $2,990,000
    • Status: Active
    • Updated: 106 min ago
    • ID#: OC17162062
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    7,512
    SQFT
    $398
    $/SQFT
    2006
    Built
    Neighborhood:
    1C - Catalina
    County:
    Los Angeles
    Area:
    1C - Catalina
    Property Description
    This is RARE opportunity to own an investment/income producing property on the beautiful Island of Catalina. The units total 7512 square feet of living/commercial space on 3 levels, with a roof top ocean view deck. DOUBLE LOT -Lot size is 2722. Per Assessor The property offers: 3 office spaces, 2 residential- 2 bedroom units and a fully operational garage/golf cart service on the lowest level. The land is fee simple and all units are presently fully occupied with long term reliable tenants in both offices and residential.Property taxes also include sewer and trash fees (1.25%)
    Exterior Features

    Carport Spaces 4.00 Foundation Details Slab Garage Spaces 0.00 Lot Features Level With StreetSprinkler System Lot Size Source Assessor Lot Size Units Square Feet Parking Features On Site Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 1000 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Central Furnace Heating YN Yes Laundry Features InsideSee Remarks Levels Three Or More

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Builder Name Fine Line Building Area Units Square Feet Cap Rate 4.58 Community Features CurbsGolf CourseHorse TrailsHuntingMountainousSidewalksStreet Lighting Country Us Electric 220V In Laundry Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 0.00 Gross Income 13300.00 Gross Operating Income 159600.00 Gross Scheduled Income 159600.00 Insurance Expense 5000.00 Land Lease YN No Land Value Percent 65.00 Laundry YN Yes Net Operating Income 126000.00 New Construction YN No New Taxes Expense 23000.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 6 Operating Expense 33000.00 Personal Property Percent 35.00 Pool Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN No Security Expense 0.00 Senior Community YN No Sewer Public SewerSewer Assessments Special Listing Conditions Standard Supplies Expense 0.00 Tenant Pays See Remarks Total Actual Rent 11300.00 Total Expenses 33000.00 Trash Expense 0.00 Utilities Cable AvailableElectricity Available Water Sewer Expense 0.00 Water Source PrivateSee Remarks Year Built Source Assessor Zoning Avc1*

    Listing provided courtesy of Kathleen Mead of Seven Gables Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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