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.
Multi-familyProperty Type
1981Year Built
0.94 acresLot Size
$216Price/Sq.Ft.
37 spacesParking
Listed by Kristopher German•DRE #01800021• RE/MAX 2000 REALTY
Contact: 909-645-0443
Bought with Jared Levine•DRE #01804008• Keller Williams Realty Calabasas
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
30
Baths
30
Stories
—
Lot width
—
Lot depth
—
Lot size
0.94 Acres
Year renovated
1981
Sq. Ft.
18,816
Year built
1981
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
2865008031
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 9, 2026.
R-3
Limited Density Multiple Residence Zone
Residential Zones preserve, protect, and enhance areas for residential land uses in a range of densities; provide for orderly, well-planned, and balanced growth of residential neighborhoods; and ensure adequate light, air, privacy, and open space for each dwelling. These zones also provide for the appropriate location of public and semi-public uses such as schools, parks, and religious facilities that can serve and complement residential uses.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Other
Apr 29, 2022 • Final
Residential repair/replacement building permit - county
Remove existing roofing down to the substrate. Install a new modified cap sheet roof system that is class A and cool roof rated.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
Uncovered Spaces: 3
# of Carport Spaces: 34
Assigned
Has Parking
# of Parking Spaces: 37
Interior
Laundry Information
Has Laundry
Community, Individual Room
Cooling Information
Central
Has Cooling
Heating Information
Central Furnace
Has Heating
Interior Features
Entry Level: 1
Entry Location: 1
Copper Plumbing Full
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 11752223
Listing Key Numeric: 373116787
Actual Rent: $2,392
Total # of Baths: 2
# of Baths Full: 1
# of Baths Three Quarter: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $2,392
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 11752224
Listing Key Numeric: 373116787
Actual Rent: $2,195
Total # of Baths: 2
# of Baths Full: 1
# of Baths Three Quarter: 1
Furnished: Unfurnished
Total # of Beds: 2
Total Rent: $2,195
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 373116787
Unit Key Numeric: 11752225
Actual Rent: $2,132
Total # of Baths: 2
# of Baths Full: 1
# of Baths Three Quarter: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $2,132
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 373116787
Unit Key Numeric: 11752226
Actual Rent: $2,132
Total # of Baths: 2
# of Baths Full: 1
# of Baths Three Quarter: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $4,120
Total # of Units: 2
Unit Type 5 Information
Unit Key Numeric: 11752227
Listing Key Numeric: 373116787
Actual Rent: $1,767
Total # of Baths: 2
# of Baths Full: 1
# of Baths Three Quarter: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $1,767
Total # of Units: 1
Unit Type 6 Information
Listing Key Numeric: 373116787
Unit Key Numeric: 11752228
Actual Rent: $1,434
Total # of Baths: 2
# of Baths Full: 1
# of Baths Three Quarter: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $1,434
Total # of Units: 1
Unit Type 7 Information
Unit Key Numeric: 11752229
Listing Key Numeric: 373116787
Actual Rent: $1,408
Total # of Baths: 2
# of Baths Full: 1
# of Baths Three Quarter: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $1,408
Total # of Units: 1
Unit Type 8 Information
Unit Key Numeric: 11752230
Listing Key Numeric: 373116787
Actual Rent: $1,847
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,847
Total # of Units: 1
Unit Type 9 Information
Unit Key Numeric: 11752231
Listing Key Numeric: 373116787
Actual Rent: $1,803
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $3,603
Total # of Units: 2
Unit Type 10 Information
Unit Key Numeric: 11752232
Listing Key Numeric: 373116787
Actual Rent: $1,446
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,446
Total # of Units: 1
Expenses
Fuel Expense: $12,106
Trash: $7,738
Total: $173,273
Pool: $3,108
Maintenance: $16,500
Insurance: $21,000
Water Sewer: $7,252
Electric: $6,051
New Taxes: $49,942
Workmans Compensation: $26,340
Gardener: $3,780
Multi-Unit Information
Net Operating Income: $230,617
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 18,816
Gross Scheduled Income: $416,381
Gross Operating Income: $403,890
Gross Income: $416,381
Laundry Income: $4,007
# Of Leased Units: 22
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 22
# Of Separate Electric Meters: 22
# Of Buildings: 1
Vacancy Allowance: 12491
Exterior
Exterior Features
Pool Features: Community Pool, In Ground
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 21-25 Units/Acre, Lot 10000-19999 Sqft
Property Information
Common Interest: Community Apartment
Total # of Units: 22
Common Walls: 2+ common walls
Parcel Number: 2865008031
Attached Property
Total # of Stories: 2
Year Built Source: Assessor
Property ADU: No
Financial
Lease / Rental Details
Operating Expense: $173,273
Other Expense: $3,300
Other Expense Description: Reserves
Rent Control
Tenant Pays: Electricity, Gas
Total Actual Rent: $34,366
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Curbs, Gutters, Sidewalks
Location Information
Latitude: 34.49606200
Longitude: -118.62064700
Other 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
Subdivision Name: Custom North Castaic (CNCAS)
Zoning: LCR3*
Public facts
Beds: 30
Baths: 30.0
Sq. Ft.: 18,816
Stories: —
Lot Size: 0.94 acres
Style: Multi-Family (5+ Unit)
Year Built: 1981
Year Renovated: 1981
County: Los Angeles County
APN: 2865008031
Home facts updated by county records on Jul 9, 2026
Other
Listing Information
IDX Contact Info: 909-645-0443
Days Active in MLS: 84
Continuous Days Active in MLS: 84
Listing Agent Information
List Agent First Name: Kristopher
List Agent Last Name: German
Listing Office Information
List Office Name: RE/MAX 2000 REALTY
Selling Agent Information
Buyer Agent First Name: Jared
Buyer Agent Last Name: Levine
Selling Office Information
Buyer Office Name: Keller Williams Realty Calabasas
Around this home
Schools
Northlake Hills Elementary School
Public K-7 • Assigned • 1.2mi
8/10
Valencia High School
Public 9-12 • Assigned • 5.1mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
Castaic is highly sought after for its scenic surroundings, highlighted by Castaic Lake and its popular boating, fishing, and hiking opportunities. Offering a more relaxed, small-town feel, the area appeals to buyers looking for peace, space, and a...