Pending
27614 Violin Canyon Road
Castaic CA, 91384
$4,250,000
$225.87 per sqft
Pending
18,816 sqft
Condos
Built in 1981
Listed by Kristopher German with RE/MAX 2000 REALTY 909-645-0443
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.
CV24153743
MLSⓇ ID
July 26, 2024
Listed
October 24, 2024
Updated
Map
27614 Violin Canyon Road
Castaic CA, 91384
Interior Features
Total Stories
2
Laundry Description
Common Area, Laundry Room
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.94 Acres
Lot Features
21-25 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
NCAS - North Castaic
Days on Market
84
Garage
No
Parking
Assigned
Parking Total
37
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
Community, In Ground
Zoning
LCR3*
Listing History
Date | Event | Price |
|---|---|---|
10/23/2024 | Pending | — |
Listing Contact: 626-956-0188
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/24/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/24/2024 at 11:13 AM UTC