9.12 GRM 8.04% CAP 100% Occupied All 2+2 We are pleased to present Castaic Apartments, a rare 12-unit multifamily investment opportunity located in one of the Santa Clarita Valley’s 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, and limited competing inventory, Castaic Apartments represents a compelling long-term multifamily investment opportunity.
Theres 3 units available. Unit 130 = approximately 1200 SF, Unit 140 = approximately 1200 SF, both units can be combined into one @ approximately 2,400 SF. Asking is $1.65/SF/Mo (Modified Gross), Unit 230 - approximately 1,250 SF, Asking is $1.75/SF/Mo (Modified Gross) All units have heating, cooling, sewer, utilities, etc. The lease is modified gross, so the tenant pays for rent + their own utilities, all other common area expenses, property taxes, property insurance should be paid by landlord. Amazing building, right off the freeway!
There's 3 unit's available total. Unit 130 = approximately 1200 SF, Unit 140 = approximately 1200 SF, both units can be combined into one at @ approximately 2,400 SF. Asking is $1.65/SF/Mo (Modified Gross), Unit 230 - approximately 1,250 SF, Asking is $1.75/SF/Mo (Modified Gross) All units have heating, cooling, electrical, sewer, utilities, etc. The lease is modified gross, so the tenant pays for rent + their own utilities, all other common area expenses, property taxes, property insurance should be paid by landlord. Great Location right off freeway. Also ask about 6000 sqft PAD available to build restaurant or drive through.
Castaic is located in California. Castaic, California has a population of 18,017. Castaic is more family-centric than the surrounding county with 41.32% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Castaic, California is $127,344. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Castaic is 38.2 years.
The average high temperature in July is 89.8 degrees, with an average low temperature in January of 46.1 degrees. The average rainfall is approximately 18.4 inches per year, with 0 inches of snow per year.
