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.
Property Type
Residential IncomeSubdivision
FallbrookCounty
Los AngelesStyle
Residential IncomeAD ID
46483291
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Cooling Features
- Central Air
- Air Conditioning
Heating Source
- Central
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1981
- Building Area Total: 18,816
- Construction: Copper Plumbing
Pool Features
- Community,In Ground
Laundry Features
- Common Area,Laundry Room
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.9434
- Lot Size Source: Assessor
- Lot Size Square Feet: 41096
-
Listing Information
Listing Price Information
- Original List Price: 4,250,000
- Listing Contract Date: 2024-07-26
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 2865008031
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Pending
- Source Neighborhood: NCAS - North Castaic
- Postal Code Plus 4: 3322
- Directions: East of I-5, North of CA-118; Near the Intersection of Van Gorder Way & Violin Canyon Rd
- Zoning: LCR3*
- Source Property Type: Residential Income
- Area: NCAS - North Castaic
- Property SubType: Apartment
Building and Construction
- Property Age: 43
- Common Walls: 2+ Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 11/21/2024 @ 20:28
- MLS: CV24153743
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is recently sold, it has 18,816 sqft, 41,096 sized lot, and 0 parking. are nearby neighborhoods.