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$ 4,250,000
Est. payment /mo
Pending
27614 Violin Canyon Road Castaic, CA 91384
18,816 SqFt
UPDATED:
10/23/2024 11:49 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 18,816 sqft
Price per Sqft $225
MLS Listing ID CRCV24153743
HOA Y/N No
Year Built 1981
Lot Size 0.943 Acres
Acres 0.94
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
Area Listing
Zoning LCR3
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Community Facility, Laundry Room
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 2865008031
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Listed by Kristopher German • RE/MAX 2000 REALTY