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229 Metropole Ave,Avalon, CA 90704

    Price: Please contact us

  • Square Feet: 9,400
  • Year Built: 1990
  • Lot Size: 0.15 Sq. Ft.

Casa Mariquita Hotel

Property Information for 229 Metropole Ave,Avalon, CA 90704

Property Description

Price is best offer. We are proud to present the rare opportunity to acquire a 24-Unit Hotel Property located near the beach on Catalina Island in the touristy destination of Avalon, CA. Catalina Island welcomes around 1 million visitors a year via Ferries, Helicopter or Private Boats and Planes. With limited opportunities for new development and rising visitor volume this value-add hotel investment opportunity provides high barriers to entry with potential for significant cash flow increases. The property is about 1/2 block to the Pacific Ocean and extremely close to shopping, restaurants, transportation, and activities. Vacant Lot (15,682 SF) next door may be available as well but is not part of this offering. Please do not contact/disturb the hotel staff regarding this offering. Property located near the beach on Catalina Island in the touristy destination of Avalon.

 

Listing courtesy of Please contact John Carpenter of The 949 Group.

229 Metropole Avenue

Price Price Not Disclosed No. Rooms 24
Property Type Hospitality No. Stories 4
Property Sub-type Hotel Year Built 1990
Building Class B Parking Ratio 0.21/1,000 SF
Sale Type Investment Zoning Description C1, Avalon
Lot Size 0.15 AC APN / Parcel ID 7480-018-014
Building Size 9,400 SF  

Financial Summary (Actual - 2017)

 AnnualAnnual Per SF
Taxes - -
Operating Expenses $39,824 4.24
Total Expenses - -