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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 FEATURES

Sewer: Public Sewer Water Source: Public
Uncovered Spaces: 3.00 Carport Spaces: 34.00 # of Parking Spaces: 37.00
Lot Features: 21-25 Units/Acre,Lot 10000-19999 Sqft
Parcel Identification Number: 2865008031
Cooling: Has Cooling Heating: Has Heating Heating Type: Central Cooling Type: Central Air
Year Built Source: Assessor
Common Walls: 2+ Common Walls Laundry Features: Community,Individual Room Laundry: Has Laundry
Zoning: LCR3* MLSAreaMajor: NCAS - North Castaic

PROPERTY DETAILS

Street Address: 27614 Violin Canyon Road
City: Castaic
State: California
Postal Code: 91384
County: Los Angeles
MLS Number: CV24153743
Year Built: 1981
Courtesy of RE/MAX 2000 REALTY

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