PROPERTY OVERVIEW

Jared Levine of JML Real Estate Group / KW Commercial, the exclusive listing agent, is pleased to present Castaic Apartments, a rare 12-unit multifamily investment opportunity located in the heart of Castaic, one of the Santa Clarita Valley's most supply-constrained rental submarkets. Built in 1985, the property features 11,191 SF of building area situated on a 9,308 SF corner lot, zoned LCR3*, with excellent street exposure and convenient access to Interstate 5. Castaic Apartments features an exceptionally desirable unit mix comprised entirely of spacious two-bedroom, two-bathroom residences, offering a highly functional layout that appeals to a broad tenant base. Each unit benefits from central air conditioning, parking, and is complemented by an inviting central courtyard and on-site laundry facilities. The property provides 24 parking spaces, including 18 covered spaces, delivering an attractive 2:1 parking ratio. Surrounded predominantly by single-family residential neighborhoods and situated near the recreational amenities of Castaic Lake, this rarely available asset presents investors with a compelling opportunity to acquire a well-positioned multifamily property in a market characterized by limited inventory and infrequent transactions. According to CoStar, only one multifamily sale has occurred in the Castaic submarket over the past two years, underscoring the scarcity of investment opportunities.

THE OPPORTUNITY

Castaic Apartments presents a compelling investment opportunity combining strong in-place income, exceptionally streamlined operating expenses, and attractive fundamentals with potential upside through selective interior renovations, modernization, and possible ADU development, subject to applicable approvals.  The property's highly desirable 100% two-bedroom, two-bathroom unit mix, parking, and convenient tenant amenities create an excellent foundation for long-term rental demand and potential income growth. Strong existing rents, combined with opportunities for additional rental upside, allow investors to benefit from current cash flow while pursuing a strategic value-add business plan.  Additional investment advantages include a clear SB 721 inspection report, central air conditioning, an on-site laundry facility, and a well-maintained central courtyard. Located within unincorporated Los Angeles County, the property benefits from its positioning in a predominantly single-family residential submarket with limited competing multifamily inventory.  Offered at an attractive CAP rate and GRM, with a highly competitive cost per square foot and acquisition basis, Castaic Apartments provides investors with a rare combination of immediate income, operational efficiency, and long-term appreciation potential in one of the Santa Clarita Valley's most tightly held multifamily markets.

THE LOCATION

Strategically located in the desirable Castaic community of the Santa Clarita Valley, Castaic Apartments enjoys a convenient residential setting surrounded predominantly by single-family homes, neighborhood amenities, shopping, dining, and outdoor recreation. The property is situated near Castaic Lake, one of Southern California's premier recreational destinations, offering boating, fishing, hiking, and year-round outdoor activities. Its proximity to the lake and surrounding natural amenities enhances the area's lifestyle appeal and distinguishes Castaic from more densely developed rental submarkets.  Convenient access to Interstate 5 provides connectivity to Valencia, Santa Clarita, Stevenson Ranch, and surrounding employment centers, as well as the greater San Fernando Valley and Los Angeles region. Residents also benefit from proximity to local schools, retail centers, restaurants, and everyday conveniences. With limited multifamily inventory, a predominantly single-family residential landscape, and convenient regional freeway access, Castaic offers investors a distinctive combination of residential appeal, rental demand, and long-term investment potential.

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HIGHLIGHTS

*Rare 12-Unit Castaic Offering in a highly supply-constrained multifamily submarket

*Only One Multifamily Sale in Two Years in the Castaic submarket, per CoStar

*100% Two-Bedroom, Two-Bathroom Residences with highly desirable floorplans

*24 Parking Spaces | 2:1 Ratio including 18 covered parking spaces

*Attractive In-Place CAP Rate & GRM with competitive cost per square foot and acquisition basis

*Exceptionally Streamlined Operating Expenses supporting strong investment fundamentals

*Strong In-Place Rents with Additional Upside Potential

*Value-Add & ADU Potential through selective renovations and possible development, subject to approvals

*Clear SB 721 Inspection Report

*Central Air Conditioning, On-Site Laundry & Central Courtyard

*Prominent Corner Lot with excellent street exposure and LCR3* zoning

*Near Castaic Lake with convenient Interstate 5 access

*Unincorporated Los Angeles County within a predominantly single-family residential submarket

* GRM and CAP Rate are approximate and subject to change.  Buyer to independently verify all information and shall rely on their own investigations