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Listed by Kristopher German • RE/MAX 2000 REALTY
$4,250,000
Est. payment /mo
18,816 SqFt
Pending
27614 Violin Canyon Road Castaic, CA 91384
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UPDATED:
12/20/2024 12:49 AM
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
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