27614 Violin Canyon Road Pending Save Request In-Person Tour Request Virtual Tour
Castaic,CA 91384
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 18,816 sqft
Price per Sqft $225
Subdivision Custom North Castaic
MLS Listing ID CV-24153743
Year Built 1981
Lot Size 0.943 Acres
Property Description
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.
Location
State CA
County Los Angeles
Zoning LCR3*
Interior
Interior Features Copper Plumbing Full
Heating Central
Cooling Central Air
Laundry Community,Individual Room
Exterior
Parking Features Assigned
Pool Community,In Ground
Community Features Curbs,Gutters,Sidewalks
Building
Lot Description Lot 10000-19999 Sqft,21-25 Units/Acre
Sewer Public Sewer