This building is leased for years by the largest employer on the island. NEVER have a vacancy! Tenant pays all utilities and provides own manager. The rent check comes in the mail, monthly. Catalina Island is serviced by several boat routes (about an hour ride) and helicopter (12 mins.). If your bank is paying 1%, then consider making nearly 5% cash on cash not even counting the upside in value due to appreciation. This is the right time to make an investment in the re-emerging City of Avalon. The writing is one the wall; this popular tourist destination is benefiting from significant investments and will be more majestic than ever before. New buildings are limited by both the absence of vacant land and shortage of water. All 23-Units of this Corporate Housing investment AND fee simple land for only $6,249,000. For more information request the Offering Memorandum at JuanHuizar@outlook.com.
Juan Huizar, CCIM SAGE REAL ESTATE BRE# 01417642 Cell: 562-307-0838 2901 E. Pacific Coast Hwy, Signal Hill, CA 90755 juanhuizar@outlook.com
Mark Malan, CCIM, MAI, MBA BRE# 00623674 562-983-6700 markmalan@outlook.com