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
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Last Updated
|
8/30/2024
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Tract
|
Custom North Castaic (CNCAS)
|
|
Year Built
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1981
|
Community
|
North Castaic
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|
County
|
Los Angeles
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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
Based on information from CRMLS as of 9/7/24 7:07 PM PDT. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CRMLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
This IDX solution is (c) Diverse Solutions 2024.
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