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$ 2,595,000
Est. payment | /mo
2 Beds
2 Baths
0.42 Acres Lot
$ 2,595,000
Est. payment | /mo
2 Beds
2 Baths
0.42 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26238520
Bedrooms 2
Lot Size 0.416 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
9.12 GRM | 8.04% CAP | 100% Occupied | All 2+2 Units | We are pleased to present Castaic Apartments, a rare 12-unit multifamily investment opportunity located in one of the Santa Clarita Valleys most supply-constrained rental submarkets. Built in 1985, the property features 11,191 SF of building area on a 18,134 SF corner lot with excellent street exposure and convenient Interstate 5 access. The property offers an exceptional unit mix consisting entirely of spacious two-bedroom, two-bathroom residences, complemented by central air conditioning, on-site laundry, a central courtyard, and 24 parking spaces, including 18 covered spaces. Castaic Apartments offers investors strong in-place income, streamlined operating expenses, and significant value-add potential through interior renovations, rental upside, and possible ADU development, subject to applicable approvals. Additional investment advantages include a clear SB 721 inspection report, attractive CAP rate and GRM, and a highly competitive acquisition basis. According to CoStar, only one multifamily sale has occurred in Castaic over the past two years, highlighting the scarcity of investment opportunities in this tightly held submarket. Strategically situated near Castaic Lake and surrounded predominantly by single-family neighborhoods, the property benefits from proximity to shopping, dining, schools, outdoor recreation, and major employment centers. Convenient Interstate 5 access connects residents to Valencia, Santa Clarita, the San Fernando Valley, and greater Los Angeles. Combining immediate cash flow, rental upside,
Location
State CA
County Los Angeles
Zoning Assessor
Direction Ridge Rte Rd / Violin Canyon Rd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2865008046
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Virtual Tour https://www.jmlreg.com/27500-violin-canyon-rd-castaic-ca-91384
Listed by Jared Levine, DRE#01804008 Keller Williams Realty-Studio City
Nearby Locations
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