PROPERTY DESCRIPTION

Catalina Island ~ Triplex! AMAZING INVESTMENT OPPORTUNITY! This triplex is centrally located on the flats of Avalon straight up the street from the Catalina Pleasure Pier. Well maintained and a turnkey property. Seller has upgraded and kept up with any and all needed repairs. Built in 1961, this 2,408 sq. ft. of living space sits on a fee simple 1,606 sq ft lot. The street level bottom floor has (2) - 1 bedroom, 1 bath units each approximately 600 sq ft (one with build in laundry). The entire upstairs is a spacious 1,200 sq ft 2 bedroom, 1 full and 1 three quarter bathrooms. It has a large kitchen and its own laundry room. All three units have been upgraded in recent years with triple pane windows, granite countertops, custom cabinets, and upgraded bathrooms. The carpet in the upstairs is new and the laminate flooring in the downstairs units was installed with the other upgrades. Exterior has also been well maintained with newer exterior paint, gardening, and the sewer lateral line was proactively replaced as required by the City of Avalon for a property to transfer to a new owner. All three units are currently rented to a local business that pays the rent whether the units are occupied or not. All units are on month-to-month leases to accommodate future arrangements a new owner may desire. The upstairs larger unit comes with a SHORT-TERM TRANSIENT RENTAL LICENSE that can be used for vacation rentals. This property checks all the boxes. 3 blocks from Avalon Bay and it's beaches, shopping stores, and restaurants. If you need employee housing, want a unit for yourself and want to rent out the other two units to offset your expenses, or just want a piece of property on Catalina Island for an investment, you won't find a better property. Catalina Island is a wonderful place to work remotely and slow down, relax, and live your life on your terms. Seize this opportunity and make this property your chunk of paradise!!