Just Closed: 12 Units | Castaic, CA

Details

  • Price: 2,800,000
  • Cap Rate: 4.40%
  • GRM: 13.73
  • Cost per SF: $250.20
  • Cost per unit: $233,333
  • Year Built: 1985
  • Square Footage: 11,191
  • Lot Size: 9,308 SF
  • Units: 12
  • No. Stories: 1
  • Parking: 23 (18 Carport, 5 Open)
  • Transaction Type: Sold/Closed
  • Property Type: Multifamily
  • Zoning: LCR3
  • APN/Parcel ID: 2865-008-046

Just Closed: Castaic Mainstay | Castaic, CA

Fortune Favors The Bold | Grow Your Legacy

– lucrumre.com

Agents: Raymond A. Rodriguez | Scotty Weisstein

Team: Lucrum Real Estate Group

 

Highlights:

+ 16-Day All Cash Close
+ Represented Buyer
+ Closed 104% of list price
+ ±48% Rental Upside
+ All 2 Bedroom Units
+ Value-Added Opportunity
+ Strong Rental Market

Congratulations to our valued clients on their latest acquisition of Castaic Mainstay, a 12-unit multifamily investment property located at 27500 Violin Canyon Rd. in Castaic, CA 90744.

The Sellers required a fast close with minimal headaches and our client delivered. Our Buyer discovered our team just under 9 months ago via our website. We are so grateful he reached out to share his investment real estate goals with us and that we were able to source an opportunity for him that exceeded his expectations. We can’t wait to see him implement his improvement plans on the property and build equity.

We love helping our clients accomplish their goals and improve their lives. Contact us and be a part of our next real estate success story!!!

 

By: Lucrum
August 8, 2022

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 ray@lucrumre.com CA License: 01402283 Download Bio

Scotty Weisstein

PartnerMultifamily Investment Sales
818.205.8847 scotty@lucrumre.com CA License: 01483264 Download Bio

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 ray@lucrumre.com CA License: 01402283 Download Bio

Scotty Weisstein

PartnerMultifamily Investment Sales
818.205.8847 scotty@lucrumre.com CA License: 01483264 Download Bio

Details

  • Price: 2,800,000
  • Cap Rate: 4.40%
  • GRM: 13.73
  • Cost per SF: $250.20
  • Cost per unit: $233,333
  • Year Built: 1985
  • Square Footage: 11,191
  • Lot Size: 9,308 SF
  • Units: 12
  • No. Stories: 1
  • Parking: 23 (18 Carport, 5 Open)
  • Transaction Type: Sold/Closed
  • Property Type: Multifamily
  • Zoning: LCR3
  • APN/Parcel ID: 2865-008-046

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