Castaic Mainstay

Castaic, CA 9138427500 Violin Canyon Rd.

Property Type: Multifamily


  • 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: 2
  • Parking: 23 (18 Carport, 5 Open)
  • Transaction Type: Sold/Closed
  • Property Type: Multifamily
  • Zoning: LCR3
  • Building Class: N/A
  • APN/Parcel ID: 2865-008-046
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Property Description

The Castaic Mainstay is a multifamily asset totaling 12 units located at 27500 Violin Canyon Rd. in Castaic, CA 90744. This spacious 12-unit corner lot apartment building was built in 1985. The apartment building is 2 stories and offers 12 two-bedroom/two-bath units. Units come with central A/C units and are separately metered for gas & electricity. All units come with private patios or balconies. The building construction is of wood frame with a flat roof and painted stucco exterior with brick trim.

The total building square feet is ±11,191 on a ±9,308 square foot lot zoned LCR3. This investment opportunity presents an ideal income property for an investor looking to acquire a value-add asset with significant rental upside potential.

Common area amenities include a laundry room and 18 on-site parking spaces (18 covered+5 open spaces). Aesthetically, the corner-lot asset has curb appeal. The property grounds and building are reasonably kept and maintained.

The building has gated entry from an alley off of Ridge Rte Rd.

27500 Violin Canyon Rd. is located in a suburban community of Castaic within Los Angeles County though is unincorporated. The property is nestled in a community among other apartment buildings and across the street from a fire station on the corner of Violin Canyon Rd. and Ride Rte Rd. The building is a short distance drive to 5 Fwy. It is a short walk from the Castaic Lagoon where one can enjoy recreational boating, water sports, and fishing.

The property itself boasts a is a short drive to Starbucks Coffee and restaurants.

Property Highlights

  • ±48% rental upside
  • Curb Appeal
  • Attractive unit mix
  • Spacious units
  • Corner Lot Property
  • Value-add opportunity
  • Strong rental market
  • Convenient located for boating, fishing & water sports
  • Short Drive to freeway access

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 CA License: 01402283 Download Bio

Scotty Weisstein

PartnerMultifamily Investment Sales
818.205.8847 CA License: 01483264 Download Bio

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23975 Park Sorrento Suite 110
Calabasas, CA 91302