$4,250,000
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27614 Violin Canyon Road Castaic, CA 91384
Apartment
Residence
Beds
Baths
...
Bed/Bath
18,816
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 18,81...6 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.
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MLS#
CV24153743
Property Type
Apartment
Year Built
1981
Square Feet
18,816
sq. ft
Lot Size
0.94
Stories
2.0
Sewer
Public Sewer
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