Clarissa Court Apartments is a rare 22-unit multifamily investment opportunity located in Avalon on Catalina Island, one of Southern California’s most exclusive and supply-constrained markets. The property spans approximately 9,684 square feet of rentable space on a 29,085 square foot lot and sits in a prime walkable location surrounded by shops, restaurants, and essential services. With limited multifamily inventory and minimal new development on the island, this asset benefits from strong, consistent tenant demand.

The property is secured by a long-term ground lease with approximately 32 years remaining, with ground rent fixed at 5% of gross collected income—providing investors with predictable and manageable holding costs. Clarissa Court offers in-place income and long-term value potential, making it an exceptional opportunity in a uniquely high-barrier coastal market.