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Jiaqi (Shirley) Xiang

jiaqi.xiang@exprealty.com +1(626) 362-5570

$2,595,000

Est. payment - /mo

0.42 Acres Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26238520

HOA Y/N No

Year Built 1985

Lot Size 0.416 Acres

Property Sub-Type Apartment

Property Description

9.12 GRM | 8.04% CAP | 100% Occupied | All 2+2 Units | 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 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Fireplace No

Laundry Laundry Room

Exterior

Garage Spaces 9.0

Carport Spaces 9

Garage Description 9.0

Pool None

Community Features Sidewalks

Total Parking Spaces 24

Private Pool No

Building

Lot Description Corner Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2865008046

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://www.jmlreg.com/27500-violin-canyon-rd-castaic-ca-91384

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Listed by Jared Levine Keller Williams Realty-Studio City jared@jaredmlevine.com, DRE #01804008

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27500 Violin Canyon Castaic, CA 91384