27614 Violin Canyon Rd - Apartments FOR SALE


Castaic, CA 91384
$4,250,000 USD
626-427-0786
27614 Violin Canyon Rd, Castaic, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/13
null | 5.43% Cap Rate

27614 Violin Canyon Rd
Castaic, CA 91384


HIGHLIGHTS

  • PRICED TO SELL - $193,182 PER UNIT! | 35% Upside In Market Rents!
  • Current 5.43% Cap Rate | 10.21 GRM
  • 1980’s Construction | 18,816 Rental Sq. Ft. | HUGE 41,096 Sq. Ft. Lot
  • Comprised of: (1) 2-Bed/1.75 Bath Unit with Large Patio, (7) 2-Bed/1.75 Bath Units, & (14) 1-Bed/1-Bath Units
  • Large, Spacious Units with Private Balconies and Patios | 37 Total Off-Street Parking Spaces | Copper Plumbing Throughout | Newer Roof
  • Tenant Amenities Include: Gated Entry, Swimming Pool, Intercom Call System, Laundry Room, & Covered Carport Parking

OVERVIEW

PRICED TO SELL! Kristopher German and Alex Lin of The Apartment Dealer 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.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

22

PRICE/UNIT

$193,182

CAP RATE

5.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1980's Construction for $204k Per Unit!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

41,096 SF

ZONING

LCR3

APN/PARCEL ID

2865-008-031

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.