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 Type(s):
Residential Income
Last Updated
|
8/30/2024
|
Tract
|
Custom North Castaic (CNCAS)
|
Year Built
|
1981
|
Community
|
North Castaic
|
County
|
Los Angeles
|
Additional Details
AIR |
Central Air |
AIR CONDITIONING |
Yes |
AREA |
North Castaic |
CONSTRUCTION |
Copper Plumbing |
GARAGE |
Assigned |
HEAT |
Central |
LOT |
0.94 acre(s) |
LOT DESCRIPTION |
21-25 Units/Acre |
PARKING |
Assigned |
POOL |
Yes |
POOL DESCRIPTION |
Community,In Ground |
SEWER |
Public Sewer |
STORIES |
2 |
SUBDIVISION |
Custom North Castaic (CNCAS) |
WATER |
Public |
ZONING |
LCR3* |
Location
Listed with RE/MAX 2000 REALTY
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