27614 Violin Canyon Rd, Castaic, CA 91384
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27614 Violin Canyon Rd Castaic, CA 91384

$4,250,000
  • 30 Beds
  • 28 Baths
  • 18,816 Sq.Ft.
For Sale
$4,250,000 Get Pre-Qualified

Map preview of 27614 Violin Canyon Rd, Castaic, CA 91384

Property Overview: 27614 Violin Canyon Rd Castaic, CA has 30 bedrooms, 28 bathrooms, 18,816 living square feet and 41,096 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Kristopher German | BRE #01800021 | RE/MAX 2000 REALTY
Last checked: 4 minutes ago | Last updated: August 30th, 2024 | Source CRMLS | DOM: 49

Home details

Lot Sq. Ft
41,096
HOA Dues
$0/mo
Year built
1981
Garage
--
Property Type:
Apartment
Status
Active
MLS#
CV24153743
City
Castaic
County
Los Angeles
Time on Site
54 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 22
  • Total # of Buildings: 1
  • # of Leased Units: 22
  • # of Electric Meters: 22
  • # of Gas Meters: 22
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $2,195
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,132
  • Total Rent: $2,132
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,767
  • Total Rent: $1,767
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,434
  • Total Rent: $1,434
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,847
  • Total Rent: $1,847
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 6
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,803
  • Total Rent: $3,603
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,446
  • Total Rent: $1,446
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,392
  • Total Rent: $2,392
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,408
  • Total Rent: $1,408
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,324
  • Total Rent: $1,324
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 12
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,181
  • Total Rent: $9,448
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 13
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,132
  • Total Rent: $4,120
  • Pro Forma/Market Rent: $2,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $416,381
  • Net Operating Income: $230,617
  • Gross Operating Income: $403,890
  • Vacancy Allowance: $12,491
  • Laundry Income: $4,007
Annual Expense Breakdown
  • Total Operating Expense: $173,273
  • Electric: $6,051
  • Gas/Fuel: $12,106
  • New Taxes: $49,942
  • Trash: $7,738
  • Gardener: $3,780
  • Insurance: $21,000
  • Maintenance: $16,500
  • Workman's Comp: $26,340
  • Professional Management: $16,156
  • Water/Sewer: $7,252
  • Other Expenses: $3,300
  • Other Expense Description: Reserves

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Property Details for 27614 Violin Canyon Rd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community, Individual Room
Interior Features
  • Copper Plumbing Full
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community, In Ground
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 37
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 21-25 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 22
  • Parcel Number: 2865008031
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Custom North Castaic (CNCAS)
  • Directions: East of I-5, North of CA-118; Near the Intersection of Van Gorder Way & Violin Canyon Rd
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

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Sale History for 27614 Violin Canyon Rd

Last sold on May 22nd, 2014
  • July, 2024

  • Jul 26, 2024

    Date

    Active

    CRMLS: CV24153743

    $4,495,000

    Price

  • May, 2014

  • May 22, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 27614 Violin Canyon Rd

Assessed Value (2020): $1,862,030
Year Land Value Improved Value Assessed Value
2020 $378,883 $1,483,147 $1,862,030

Home Value Compared to the Market

This property vs the competition

27614 Violin Canyon Rd is listed 406.56% higher than the median list price for the city of Castaic which has a median list price of $839,000. The median price per/sqft for Castaic is $417 and this home is listed at $225.87 per/sqft which puts the price per square foot 45.83% lower than the median price per square foot for the city of Castaic.

About 27614 Violin Canyon Rd

Detailed summary of property

27614 Violin Canyon Rd is a apartment located in Castaic, CA 91384 and is currently for sale. This apartment offers 30 bedrooms, 28 bathrooms, roughly 18,816 living square feet, and sits on an approximately 41,096 square foot lot. 27614 Violin Canyon Rd was first listed on ArdentRealEstateGroup.com on July 26, 2024. The homeowner is currently asking $4,250,000 and was originally asking $4,495,000. The median priced home in Castaic is $839,000 with a median price per square foot of $417. Based on Ardent Real Estate Group's Castaic Market Data, this home is listed 406.56% higher than the median priced home. Local competing homes currently for sale include 2060 High Tower Dr, 1537 Corinth Ave and 9025 W 3rd St. While the average home in Castaic, CA is selling in 44 days, 27614 Violin Canyon Rd has a days on market of 49 days. There are currently 84 homes for sale in the Castaic real estate market and 79 of them are single family homes while 3 of them are condos and 2 are townhomes. For more information on this home for sale at 27614 Violin Canyon Rd Castaic, CA 91384 contact Ardent Real Estate Group and we will put you in touch with one of our Castaic agents.

Public Facts for 27614 Violin Canyon Rd

Public county record property details
Beds
--
Baths
--
Year built
1981
Sq. Ft.
18,816
Lot Size
41,096
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
--
APN
2865-008-031

The source for these homes facts are from public records.

91384 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$839,000
Median List Price/Sq.Ft.
$417
Median Sold Price
$820,000
Median Sold Price/Sq.Ft.
$400
Total Inventory
84
Median Sale to List Price %
98.81%
Avg Days on Market
25
Loan Type
Conventional (54.55%), FHA (18.18%), VA (4.55%), Cash (9.09%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.