131 Metropole AveAvalon, CA 90704
- Hospitality properties
- 0.62 AC
Property Details for 131 Metropole Ave
- Year built
- 1896
- Lot size
- 0.62 AC
- Property type
- Hospitality properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Avalon
- County
- Los Angeles
- State
- California
- Latitude
- 33.344
- Longitude
- -118.328
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].