Property listed by Keller Williams Realty-Studio City, Jared Levine 818-432-1500
27500 Violin Canyon
Castaic, CA 91384
Square Ft.
11,191
$2,595,000
9.12 GRM | 8.04% CAP | 100% Occupied | All 2+2 | We are pleased to present Castaic Apartments, a rare 12-unit multifamily investment opportunity located in one of the Santa Clarita Valley’s most supply-constrained rental submarkets. Built in 1985, the property features 11,191 SF of building area on a… Read More 18,134 SF corner lot with excellent street exposure and convenient Interstate 5 access. The property offers an exceptional unit mix consisting entirely of spacious two-bedroom, two-bathroom residences, complemented by central air conditioning, on-site laundry, a central courtyard, and 24 parking spaces, including 18 covered spaces.
Castaic Apartments offers investors strong in-place income, streamlined operating expenses, and significant value-add potential through interior renovations, rental upside, and possible ADU development, subject to applicable approvals. Additional investment advantages include a clear SB 721 inspection report, attractive CAP rate and GRM, and a highly competitive acquisition basis. According to CoStar, only one multifamily sale has occurred in Castaic over the past two years, highlighting the scarcity of investment opportunities in this tightly held submarket.
Strategically situated near Castaic Lake and surrounded predominantly by single-family neighborhoods, the property benefits from proximity to shopping, dining, schools, outdoor recreation, and major employment centers. Convenient Interstate 5 access connects residents to Valencia, Santa Clarita, the San Fernando Valley, and greater Los Angeles. Combining immediate cash flow, rental upside, and limited competing inventory, Castaic Apartments represents a compelling long-term multifamily investment opportunity. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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