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$ 4,250,000
Est. payment | /mo
0.94 Acres Lot
$ 4,250,000
Est. payment | /mo
0.94 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRCV24153743
Originating Board California Regional MLS
Year Built 1981
Lot Size 0.943 Acres
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
Interior
Heating Central Forced Air
Cooling Central AC
Laundry In Laundry Room, Community Facility
Exterior
Parking Features Assigned Spaces
Garage Spaces 37.0
Pool Pool - In Ground, Community Facility
Building
Water District - Public
Others
Tax ID 2865008031
Special Listing Condition Not Applicable
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Listed by Kristopher German • RE/MAX 2000 REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "