NOT LISTED FOR SALE

332 Clemente Ave Avalon, CA 90704

14 Beds
10 Baths
5,439 Sq Ft
5,822 Sq Ft Lot

Last Sold May 24, 2021

Last sale price $1,800,000 $331 Per Sq Ft

743 Days on Market

Highlights

  • Golf Course Community
  • Dual Staircase
  • Contemporary Architecture
  • 0.13 Acre Lot
  • View of Hills
  • 4-minute walk to Avalon City Park

About This Home

As of May 2021

Catalina Island 8 unit multifamily property for sale! Windjammer Apartments on the market for the first time in over 20+ years! A unique income property located at 332 Clemente Ave. in the city of Avalon. This 14 bedroom, 9.5 bath building is an oldie but goody! Contemporary style fixer at a great price. Rarely do multi unit properties with this many units come onto the market. Take advantage of this rare opportunity to own a piece of Avalon that provides income as well as other uses like employee housing for the business owner. Housing in Avalon is in short supply and there is high demand for rentals. The Windjammer Apartments offer 3 bedroom, 2 bedroom, 1 bedroom and studio options with a recently rebuild laundry room for all to share. Built in 1915 on a 5,805 +/- sq. ft. lot with an overall living space of 5,439 sq. ft. and hillside views. Recommended upgrade needed. Conveniently located on the East side of town close to restaurants, shopping, and entertainment.

Last Agent to Sell the Property

Jordan Lake

Earl Schrader License #01953692 Listed on: 03/11/2019

Last Buyer's Agent

Adam Thoricht

Catalina Realtors License #01965614

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 5,822 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Back Yard
  • Density is 6-10 Units/Acre

Parking

  • On-Street Parking

Property Views

  • Hills
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Apartment
  • Fixer Upper
  • Wood Siding

Interior Spaces

  • 5,439 Sq Ft Home
  • 2-Story Property
  • Dual Staircase

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV
  • Legal Lot and Block 3,4 / 16
  • Tax Tract Number 599100
  • Assessor Parcel Number 7480038005

Community Details

Overview

  • No Home Owners Association
  • 9 Units
  • Mountainous Community

Recreation

  • Golf Course Community
  • Hunting

Building Details

  • 9 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $7,200
  • Fuel Expense $7,200
  • Insurance Expense $18,195
  • Other Expense $1,909
  • Trash Expense $4,346
  • Water Sewer Expense $13,782
  • New Taxes Expense $20,000
  • Operating Expense $63,651
  • Gross Income $2,000
  • Net Operating Income $62,289

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 13782.00
  • Zoning: AVR3*
  • Architectural Style: Contemporary
  • Property Condition: Fixer
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7480038005
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 330.94

Exterior Features

  • View: Hills, Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Electric: Standard
  • Heating Type: Electric, Natural Gas
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 4345.60
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Golf, Gutters, Hunting, Mountainous, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Back Yard, Level with Street
  • Lot Size Sq Ft: 5822.00
  • Lot Size Acres: 0.1337
  • Latitude Manual: 33.34006900

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Electric Expense: 7200.00
  • Fuel Expense: 7200.00
  • Gross Income: 2000.00
  • Gross Scheduled Income: 125940.00
  • Insurance Expense: 18195.00
  • Laundry Income: 1160.00
  • Lot Size Area: 5822.0000 Square Feet
  • Net Operating Income: 62289.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 63651.00
  • Other Expense: 1908.80
  • Other Expense Description: Salt Wtr
  • Rent Control: No
  • Total Actual Rent: 10070.00
  • Total Expenses: 63651.00

Tax Info

  • New Taxes Expense: 20000.00
  • Tax Block: 16
  • Tax Census Tract: 5990.00
  • Tax Lot: 3,4
  • Tax Tract Number: 599100

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2021 05/24/21 Sold $1,800,000 -18.2% $331 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
07/01/2019 07/01/19 For Sale $2,200,000 0.0% $404 / Sq Ft
05/28/2019 05/28/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $2,200,000 -- $404 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19048507

California Regional Multiple Listing Service (CRMLS)