|
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.
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
Contact us about this Property
/ | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". |
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.