27614 Violin Canyon Road
Castaic, CA 91384
0.94 acres | #CV24153743
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.
Property Details
- Lot DescriptionTwentyOneToTwentyFiveUnitsAcre
- SubdivisionCustom North Castaic (CNCAS)
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$4,495,000
- MLS #CV24153743
- MLS #CV24153743
- Property SubtypeApartment
- Cost4250000
- Acres0.9434
- Utility SourcePublic
- Year Built1981
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kristopher German (#CV33418)
Listing Office: RE/MAX 2000 REALTY (#51247)
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