Castaic, CA 91384 27614 Violin Canyon Road
$4,250,000
8 more
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Beds • 30
Baths • 13
SQFT • 18,816
Home Details
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.
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Interior Features for 27614 Violin Canyon Road
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom
Total Stories2
Other Rooms
Entry Level1
General for 27614 Violin Canyon Road
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces34.0
Carport Y/NYes
CityCastaic
Community FeaturesCurbs, Gutters, Sidewalks, Pool
Construction MaterialsCopperPlumbing
CoolingCentralAir
CountyLos Angeles
Days on Market31
DirectionsEast of I-5, North of CA-118; Near the Intersection of Van Gorder Way & Violin Canyon Rd
Electric Expense6051.0
Entry Location1
Fuel Expense12106.0
Garage Spaces0.0
Garage Y/NNo
Gross Income416381.0
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense21000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet41096.0
Lot Size UnitsSquareFeet
MLS AreaNCAS - North Castaic
MaintenanceExpense16500.0
MobileHomeRemainsYNNo
Net Operating Income230617.0
New ConstructionNo
Number of Units Leased22
NumberOfUnitsTotal22
Open Parking Spaces3.0
Operating Expense173273.0
Pool FeaturesCommunity, InGround
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameCustom North Castaic (CNCAS)
Tax Lot008
Taxes$49,942
Tenant PaysElectricity, Gas
TermsCash, CashtoNewLoan
Total Actual Rent34366.0
Trash Expense7738.0
View Y/NNo
Water Sewer Expense7252.0
Waterfront Y/NNo
Year Built1981
Year Built SourceAssessor
ZoningLCR3*
Exterior for 27614 Violin Canyon Road
Building Area Total18816.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem2125UnitsAcre
Lot Size Acres0.9434
Lot Size Area41096.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters22
Number of Separate Gas Meters22
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Pool Charge3108.0
SpaNo
Total Parking37.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480