PRICED TO SELL! We are pleased to exclusively offer for sale this 22 Unit multi-family residential investment opportunity in the city of Castaic, located just minutes north of the city of Valencia. Boasting a 5.43% Cap Rate and a 10.21 GRM, this property was constructed in the 1980s and offers 18,816 rental square feet on a substantial 41,096 square foot lot. The unit composition includes one 2-Bedroom/1.75-Bathroom unit with an oversized patio, seven additional 2-Bedroom/1.75-Bathroom units, and fourteen 1-Bedroom/1-Bathroom units, each with private balconies/patios, ensuring a desirable outdoor space for each tenant.
Tenant amenities enhance this property’s appeal featuring gated private entry with an intercom call system, central A/C & Heat, sparkling swimming pool, communal laundry room, and covered carport parking with a total of 37 off-street parking spaces. The property also benefits from copper plumbing and a newer roof, highlighting its well-maintained condition.
With a 35% upside in market rents, this investment offers significant potential for revenue growth and upside appreciation.
Tenant amenities enhance this property’s appeal featuring gated private entry with an intercom call system, central A/C & Heat, sparkling swimming pool, communal laundry room, and covered carport parking with a total of 37 off-street parking spaces. The property also benefits from copper plumbing and a newer roof, highlighting its well-maintained condition.
With a 35% upside in market rents, this investment offers significant potential for revenue growth and upside appreciation.
Property Details
Price:
$4,250,000
MLS #:
CV24153743
Status:
Active
Baths:
0
Address:
27614 Violin Canyon Road
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Custom North Castaic CNCAS
Neighborhood:
ncasnorthcastaic
City:
Castaic
Listed Date:
Jul 26, 2024
State:
CA
ZIP:
91384
Lot Size:
41,096 sqft / 0.94 acres (approx)
Year Built:
1981
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Schools
Interior
Cooling
Central Air
Heating
Central
Interior Features
Copper Plumbing Full
Exterior
Community Features
Curbs, Gutters, Sidewalks
Garage Spaces
0.00
Lot Features
21-25 Units/ Acre, Lot 10000-19999 Sqft
Parking Features
Assigned
Parking Spots
37.00
Pool Features
Community, In Ground
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address27614 Violin Canyon Road Castaic CA
- AreaNCAS – North Castaic
- SubdivisionCustom North Castaic (CNCAS)
- CityCastaic
- CountyLos Angeles
- Zip Code91384
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Courtesy of RE/MAX 2000 REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
27614 Violin Canyon Road
Castaic, CA
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