27614 Violin Canyon Road, Castaic, California 91384
- $4,250,000
- $4,495,000
- $4,250,000
- $4,495,000
Overview
- Apartment, Residential Income
- 18816 Sqft
- 1981
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.
Address
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Address: 27614 Violin Canyon Road
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State/county: CA
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Zip/Postal Code: 91384
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Country: US
Details
Updated on January 30, 2025 at 2:54 am-
Property ID CV24153743
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Price $4,250,000
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Property Size 18816 Sqft
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Land Area 0.9434 Acres
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Year Built 1981
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan
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Sewer Public Sewer
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Cooling Central Air
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Heating Central
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County Los Angeles
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Property Type Residential Income
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Pool Community, In Ground
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Parking Assigned
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Community Features Curbs, Gutter(s), Sidewalks, Pool
Mortgage Calculator
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