For Sale
$11,500,000

131 Metropole Ave Avalon, CA 90704

72-Key Hotel, Redevelopment Opportunity

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
Prime Avalon, California location presents a unique redevelopment opportunity for this 72-key hotel, originally built in 1896 and renovated in 2020. The three-story, 0.62-acre property (APN 7480-018-009) offers fee simple ownership and boasts stunning island and beach views. Currently operating as a boutique hotel and apartment rentals, the property includes hotel rooms, ocean-view suites, and cottage-style apartments. An on-site retail space generates additional income. The property's location in Avalon, Catalina Island, a high-barrier-to-entry market attracting over one million visitors annually, presents significant upside potential. Several redevelopment scenarios are possible, including conversion into an upscale boutique hotel, luxury condominiums, or multifamily apartment rentals. The property's high RevPAR growth market and proximity to attractions like the Green Pleasure Pier, Catalina Island Casino, and Avalon Theatre further enhance its investment appeal. This is an exceptional chance to capitalize on a premium location and create a high-end development on Catalina Island. The asking price is $11,500,000.

Highlights

  • Recently renovated property ideal for conversion to boutique hotel, condos, or multifamily apartments.
  • Generating supplemental income from an existing retail lease.
  • Positioned in a high-RevPAR growth market.
  • Exceptional, high-traffic location in a highly competitive market.
  • Situated on Catalina Island, attracting over 1 million annual visitors.
  • Close proximity to popular attractions including the Green Pleasure Pier, Catalina Casino, Avalon Theatre, Lover's Cove, and Catalina Island Museum.

Property Details for 131 Metropole Ave

Property type
Hospitality properties, Hotels
Year Built/Renovated
1896/2020
Stories
3
Lot Size (sq. ft)
27,007 SF

Location Insight

City
Avalon
County
Los Angeles
State
California
Latitude
33.3439662
Longitude
-118.3276226

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FAQs

What type of property is this?
Hospitality property - 72-Key Hotel, Redevelopment Opportunity
Where is the hospitality property located?
The property is located at 131 Metropole Ave Avalon, CA.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Recently renovated property ideal for conversion to boutique hotel, condos, or multifamily apartments.; Generating supplemental income from an existing retail lease.; Positioned in a high-RevPAR growth market.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Gordon Allred
Gordon Allred
Visit Broker Website

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Metropole Ave
Avalon, CA 90704

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Avalon, CA 90704

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

131 Metropole Ave
  • Gordon Allred
    Gordon Allred
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