117 Claressa Ave

$2,990,000

Rare Commercial Residential multi – use investment/income property located in the destination resort town of Avalon on Catalina Island. Six units total 5, 505 sq.ft. (+ /-) of living/commercial space on 3 levels. Ocean and City view roof top deck. Large commercially zoned lot of approximately 2, 722 sq.ft. close to the beach and shopping. This unique property offers: 3 office spaces & a single half bath 2 residential- 2 bedroom/2 bath units that include hardwood flooring, granite counters, stainless appliances, recessed lighting, interior laundry, exterior decks, ceiling fans. The lower level has 20 foot ceilings with storage. The land is fee simple. All units are occupied.

 

Listing Courtesy of Earl Schrader, Catalina Realtors

 

Property Features

Bedrooms

  • Bedrooms: 4

Other Rooms

  • All Bedrooms Up

Appliances

  • Laundry Features: Inside

Bathrooms

  • Full Bathrooms: 2

Heating and Cooling

  • Heating Features: Central
  • Heating: Yes

Land Info

  • Lot Description: Walkstreet
  • Lot Size Acres: 0.0624885
  • Lot Size Source: Appraiser
  • Lot Size Square Feet: 2722

Garage and Parking

  • Garage Spaces: 4
  • Parking Total: 4

Exterior and Lot Features

  • Road Frontage Type: City Street
  • Road Surface Type: Paved

Home Features

  • View: Hills, Ocean

Multi-Unit Info

  • Number of Units: 6
  • Bedrooms in Unit-2: 2
  • Bedrooms in Unit-3: 2
  • Total Bathrooms in Unit-2: 1
  • Total Bathrooms in Unit-3: 1
  • Unit-4 Garage Spaces: 4

Homeowners Association

  • Calculated Total Monthly Association Fees: 0

Amenities and Community Features

  • Community Features: Fishing, Foothills, Golf, Hiking, Hunting, Watersports, Sidewalks

Other Property Info

  • Source Listing Status: Active
  • County: Los Angeles
  • Cap Rate: 4.54
  • Source Property Type: Multi-Family
  • Insurance Expense: 5000.00
  • Area: 1C – Catalina
  • Source Neighborhood: 1C – Catalina
  • Parcel Number: 7480015018
  • Zoning: AVC1
  • Source System Name: C2C

Commercial Info

  • Net Operating Income: 102600.00

Building and Construction

  • Total Square Feet Living: 5505.00
  • Year Built: 2006
  • Building Features: 1
  • Common Walls: 1 Common Wall
  • Entry Location: Ground Floor
  • Property Age: 14
  • Property Attached: Yes
  • Levels or Stories: Three Or More
  • Building Total Stories: 3
  • House Style: Contemporary
  • Year Built Source: Assessor

Utilities

  • Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
  • Water Source: Public

Property Details

  • Property ID: MLS# SB20046338
  • Beds: 4
  • Baths: 2
  • Lot Area: 2,722 sqft
  • Contract: sale

Amenities