Phone888.995.7575

200 Marilla Avenue, Avalon, CA 90704

$6,249,000 Approx. USD 0 beds, 0 baths
6,000 sqft

Agent Remarks

We are are pleased to present The Catalina Boat House, a 23 studio-style apartment complex. The 6,000-square foot building is located on a 4,209-square foot parcel, one block up from the harbor in Catalina’s only incorporated city, Avalon. The Catalina Boat House has been operated as a hotel for the last decade and recently has been transforming to an apartment complex. The apartment complex is currently leased to the Santa Catalina Island Company as corporate housing for the next two years and then there are two one-year options with three percent increases per year. The tenant pays for water, gas, electricity, sewer, trash collection, cable TV, and more. Landlord pays a portion of the tax bill, maintenance of roof, A/C and heating units, and fire insurance since the landlord is listed as an additionally insured by tenant. The roof is less than nine years old, the plumbing is approximately 90 percent copper, electrical is newer, and the living units look sharp inside and out. No Management is needed as tenant is housing their own resident manager on-site. This is truly a unique investment opportunity with an income stream currently secured by the largest employer in the city of Avalon, Catalina Island.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# PW16184629
List price is $6,249,000
Beds: 0
Baths: 0
Built in 1916
6,000 sqft
0.09 acres
Lot size: 4223.000
County: Los Angeles
Zoning: AVR3
MLS area: 1C - Catalina

Last Updated: 11/28/2016

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This listing belongs to the 1C - Catalina MLS area

The listing is zoned AVR3.
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Lat/Long: 33.344795, -118.328898.
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Broker: Courtesy of Marcus & Millichap
Listing Agent: Kevin King

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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