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$4,250,000

Est. payment - /mo

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18,816 SqFt

Pending

27614 Violin Canyon RD Castaic, CA 91384

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/23/2024 09:52 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 18,816 sqft

Price per Sqft $225

Subdivision Custom North Castaic (Cncas)

MLS Listing ID CV24153743

HOA Y/N No

Year Built 1981

Lot Size 0.943 Acres

Acres 0.9434

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 Ncas - North Castaic

Zoning LCR3*

Rooms

Ensuite Laundry Common Area, Laundry Room

Interior

Laundry Location Common Area,Laundry Room

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Garage Assigned

Carport Spaces 34

Pool Community, In Ground

Community Features Curbs, Gutter(s), Sidewalks, Pool

Parking Type Assigned

Total Parking Spaces 37

Private Pool No

Building

Lot Description 21-25 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2865008031

Energy Description 12106.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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