131 Metropole Ave | Avalon, CA 90704
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- LoopNet Team
131 Metropole Ave
Avalon, CA 90704
Hermosa Hotel · Hospitality Property For Sale
·
19,842 SF
INVESTMENT HIGHLIGHTS
- The largest mixed use fee simple commercially zoned hospitality & multifamily property in Avalon not owned by the Island Company/ Wrigley
- Currently producing positive cash flow with both the hotel & apartments operations
- Property consists of 1/2 a block centrally located in the heart of Avalon few min walk to the beach, downtown & all the island attractions
- Potential added value to build/add new multifamily apartments or new condos on site to meet the high housing demand in central Avalon
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 19,842 SF |
| Property Subtype | Hotel | No. Stories | 3 |
| Building Class | B | Year Built/Renovated | 1896/2020 |
| Lot Size | 0.62 AC | Corridor | Interior |
| Zoning | AVC1* - Apartment/Hotel | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.62 AC |
| Building Size | 19,842 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1896/2020 |
| Corridor | Interior |
| Zoning | AVC1* - Apartment/Hotel |
AMENITIES
- Balcony
- Business Center
- On-Site Retail
- High Speed Internet Access
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
PROPERTY TAXES
| Parcel Number | 7480-018-009 | Improvements Assessment | $4,411,876 |
| Land Assessment | $3,960,090 | Total Assessment | $8,371,966 |
PROPERTY TAXES
Parcel Number
7480-018-009
Land Assessment
$3,960,090
Improvements Assessment
$4,411,876
Total Assessment
$8,371,966
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