346 Metropole Avenue

    Avalon, CA 90704
    • $4,500,000
    • STATUS: Active
    • ON SITE: 81 days
    • ID#: PW18280405
    UPDATED: 8 min ago
    $4,500,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,718
      SQFT
    • $463
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2008
    County:

    School Ratings & Info

    Description

    Nestled into the beautiful hillside of Avalon and encompassing approximately 9,718square feet of living space over six floors, this rare, newer construction, 5-unit multifamilyopportunity offers breathtaking panoramic views of the Pacific Ocean and the City ofAvalon. Built to condo specifications in 2008, the subject property consists of (1) twobedroom/two bathroom unit, (1) three bedroom/two bathroom unit, (2) three bedroom/three bathroom units and (1) three bedroom/three bathroom townhomestyle unit. Theunits range in size from approximately 1,425 square feet to 3,278 square feet. Three ofthe five units have expansive private ocean view decks which range in size fromapproximately 560 square feet to 748 square feet.Tenants enjoy washer/dryer hookups, onsite parking (golf carts), fireplaces and centralheat & A/C. All of the interiors have been highly upgraded with some combination oftravertine flooring, hardwood laminate flooring, granite countertops in the kitchen andbathrooms, stainless steel appliances, crown molding, built-in-cabinets/book shelves, andrecessed lighting. For increased security, all of the units have been equipped with firesprinkler systems. The property is individually metered for electricity, gas and water.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T19:29:36.077. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/89676759

    346 Metropole Avenue Avalon, CA 90704

    • Price: $4,500,000
    • Status: Active
    • Updated: 8 min ago
    • ID#: PW18280405
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    9,718
    SQFT
    $463
    $/SQFT
    2008
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Nestled into the beautiful hillside of Avalon and encompassing approximately 9,718square feet of living space over six floors, this rare, newer construction, 5-unit multifamilyopportunity offers breathtaking panoramic views of the Pacific Ocean and the City ofAvalon. Built to condo specifications in 2008, the subject property consists of (1) twobedroom/two bathroom unit, (1) three bedroom/two bathroom unit, (2) three bedroom/three bathroom units and (1) three bedroom/three bathroom townhomestyle unit. Theunits range in size from approximately 1,425 square feet to 3,278 square feet. Three ofthe five units have expansive private ocean view decks which range in size fromapproximately 560 square feet to 748 square feet.Tenants enjoy washer/dryer hookups, onsite parking (golf carts), fireplaces and centralheat & A/C. All of the interiors have been highly upgraded with some combination oftravertine flooring, hardwood laminate flooring, granite countertops in the kitchen andbathrooms, stainless steel appliances, crown molding, built-in-cabinets/book shelves, andrecessed lighting. For increased security, all of the units have been equipped with firesprinkler systems. The property is individually metered for electricity, gas and water.
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features See Remarks Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Tile View Ocean View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling See Remarks Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Heating See Remarks Heating YN Yes Interior Features Ceiling FanCrown MoldingsGranite CountersLiving Room Deck AttachedRecessed LightingStorage Space Laundry Features See Remarks Levels Three Or More Room Type See Remarks

    Property Features

    Accessibility Features See Remarks Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.00 Community Features FoothillsSidewalks Country Us Electric Expense 463.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 218604.00 Gross Multiplier 20.59 Gross Operating Income 212045.00 Gross Scheduled Income 218604.00 Insurance Expense 5181.00 Land Lease YN No Laundry YN Yes Maintenance Expense 8481.00 Net Operating Income 133349.00 New Construction YN No New Taxes Expense 62689.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Number Of Units Leased 5 Operating Expense 78696.00 Other Expense 500.00 Other Expense Description Misc. Professional Management Expense 0.00 Rent Control YN No Security Expense 1380.00 Security Features Carbon Monoxide Detector(S)Fire And Smoke Detection SystemFire SprinklersSmoke Detector Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasSee RemarksWater Total Actual Rent 18217.00 Total Expenses 78696.00 Trash Expense 0.00 Utilities See Remarks Vacancy Allowance 6558 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Aur3*

    Listing provided courtesy of Paul Espinosa of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T19:29:36.077. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024