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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
Number of Units : 22
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 2
Unit 1 : Total Bathrooms : 2
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 2
Unit 2 : Total Bathrooms : 2
Unit 3 : Number of Unit(s) : 3
Unit 3 : Total Bedrooms : 2
Unit 3 : Total Bathrooms : 2
Unit 4 : Number of Unit(s) : 4
Unit 4 : Total Bedrooms : 2
Unit 4 : Total Bathrooms : 2
Parking Garage Unit 1 : Assigned
Site : Curbs,Sidewalks
Pool : Below Ground,Community/Common
Cooling : Central Forced Air
Zoning : Assessor
PROPERTY DETAILS
Street Address: Address not disclosed
City: Castaic
State: California
Postal Code: 91384
County: Los Angeles
MLS Number: CV24153743
Year Built: 26340
Courtesy of RE/MAX 2000 REALTY
City: Castaic
State: California
Postal Code: 91384
County: Los Angeles
MLS Number: CV24153743
Year Built: 26340
Courtesy of RE/MAX 2000 REALTY
Courtesy of eXp Realty of California, Inc.
