Just Listed: Rare 12-Unit Apartment Building For Sale in Castaic, CA | $2,595,000
27500 Violin Canyon Road, Castaic, CA 91384 | Exclusively Listed by Jared Levine, JML Real Estate Group / KW Commercial
A rare multifamily investment opportunity has hit the market in Castaic, California. Jared Levine of JML Real Estate Group / KW Commercial is pleased to announce the exclusive listing of Castaic Apartments, a 12-unit apartment building located at 27500 Violin Canyon Road in the highly sought-after Santa Clarita Valley.
Offered at $2,595,000, the property presents investors with an attractive 8.04% in-place CAP rate, 9.12 gross rent multiplier (GRM), and an acquisition basis of just $216,250 per unit. At projected market rents, the investment offers a potential 10.86% CAP rate and 7.22 GRM, providing a compelling combination of immediate cash flow and future rental upside.
With limited multifamily inventory and infrequent apartment building sales in Castaic, opportunities like this rarely become available.
Castaic Multifamily Investment Opportunity: Property Details
Built in 1985, Castaic Apartments consists of 12 spacious residential units totaling approximately 11,191 square feet on a prominent 9,308-square-foot corner lot.
Unlike many apartment buildings with smaller or mixed unit configurations, all 12 apartments feature two bedrooms and two bathrooms, a desirable unit mix offering functional floorplans and broad tenant appeal.
Property Highlights
Asking Price: $2,595,000
Number of Units: 12
Price Per Unit: $216,250
Price Per Square Foot: Approximately $232
In-Place CAP Rate: 8.04%
Projected Market CAP Rate: 10.86%
In-Place GRM: 9.12
Projected Market GRM: 7.22
Year Built: 1985
Building Size: 11,191 SF
Lot Size: 9,308 SF
Unit Mix: 12 Two-Bedroom / Two-Bathroom Units
Parking: 24 Spaces (2 Per Unit)
Zoning: LCR3*
Location: Unincorporated Los Angeles County
The property also features central air conditioning, on-site laundry facilities, a landscaped central courtyard, and 18 covered parking spaces.
Why This Castaic Apartment Building Stands Out to Investors
1. Strong Cash Flow with an 8.04% In-Place CAP Rate
One of the property's most attractive investment characteristics is its existing income performance.
At an asking price of $2,595,000, Castaic Apartments is offered at an 8.04% in-place CAP rate, supported by established rental income and exceptionally streamlined operating expenses.
For multifamily investors evaluating apartment buildings for sale in Los Angeles County and the Santa Clarita Valley, acquiring an asset with strong existing income and additional rental upside can present an appealing alternative to properties requiring extensive repositioning.
2. Significant Rental Upside and Value-Add Potential
Beyond its existing income, Castaic Apartments offers additional potential through strategic improvements and rental optimization.
At projected market rental levels, the property's investment metrics improve to a 10.86% CAP rate and 7.22 GRM, highlighting the potential impact of future income growth.
Investors may explore selective interior renovations, modernization, and potential accessory dwelling unit (ADU) development, subject to applicable zoning regulations, feasibility, and governmental approvals.
This creates an opportunity to pursue increased property income while maintaining the benefits of a stabilized, income-producing multifamily investment.
3. Extremely Limited Castaic Apartment Building Sales
Castaic remains one of the Santa Clarita Valley's more tightly held multifamily investment submarkets.
According to CoStar research provided for this offering, only one multifamily property sale has occurred in the Castaic submarket over the past two years.
That limited transaction activity underscores the rarity of opportunities to acquire multifamily real estate in this predominantly single-family residential community.
Jared Levine, one of Castaic's most active multifamily investment brokers, represented the submarket's only reported multifamily sale during that period.
With extensive experience representing apartment building buyers and sellers throughout Los Angeles County, Levine brings firsthand transaction knowledge, local investment expertise, and established relationships to this exclusive offering.
4. Desirable 100% Two-Bedroom, Two-Bathroom Unit Mix
All 12 residences offer two bedrooms and two bathrooms, providing a consistent and highly functional unit configuration.
Additional tenant amenities include:
Central air conditioning
Two parking spaces per unit
On-site laundry facilities
Central courtyard
18 covered parking spaces
Convenient access to local shopping, dining, and neighborhood amenities
The property also benefits from a clear SB 721 inspection report, offering prospective buyers additional information regarding the property's inspected elevated exterior elements.
5. Competitive Acquisition Basis in the Santa Clarita Valley
With an asking price of $216,250 per unit and approximately $232 per square foot, Castaic Apartments offers investors an attractive acquisition basis.
The combination of its 1985 construction, desirable unit mix, existing income, potential rental upside, and limited local multifamily supply creates a distinctive opportunity for investors seeking apartment buildings in Castaic, Valencia, Santa Clarita, and surrounding Los Angeles County communities.
Castaic, California: A Unique Santa Clarita Valley Rental Market
Situated in northern Los Angeles County, Castaic offers a distinctive residential environment characterized by established single-family neighborhoods, open space, and convenient regional connectivity.
Located near Castaic Lake, the property benefits from proximity to one of Southern California's popular outdoor recreation areas, featuring boating, fishing, hiking, and other recreational opportunities.
Residents enjoy convenient access to Interstate 5, connecting Castaic to Valencia, Santa Clarita, Stevenson Ranch, the San Fernando Valley, and greater Los Angeles employment centers.
The property's location within unincorporated Los Angeles County also distinguishes it from apartment buildings located within incorporated municipalities.
For investors seeking Santa Clarita Valley multifamily properties, Castaic offers a compelling combination of limited apartment inventory, desirable residential surroundings, and access to regional employment and recreational amenities.
Frequently Asked Questions About Castaic Apartments
How much is the 12-unit apartment building at 27500 Violin Canyon Road listed for?
Castaic Apartments is exclusively offered for sale at $2,595,000, representing $216,250 per unit and approximately $232 per square foot.
What is the CAP rate for Castaic Apartments?
The property is offered at an 8.04% in-place CAP rate, with a projected 10.86% CAP rate at market rental levels, based on the listing's underwriting assumptions.
What is the gross rent multiplier (GRM)?
Castaic Apartments has an in-place GRM of 9.12 and a projected market GRM of 7.22.
How many units does 27500 Violin Canyon Road have?
The property contains 12 residential units, each configured with two bedrooms and two bathrooms. Built in 1985, the property totals approximately 11,191 square feet.
Are apartment buildings frequently available for sale in Castaic?
Multifamily investment opportunities in Castaic are relatively uncommon. According to CoStar data referenced for this offering, only one multifamily sale was recorded in the submarket over the preceding two-year period.
Does the property have parking?
Yes. Castaic Apartments provides 24 parking spaces, including 18 covered spaces and six uncovered spaces, offering two parking spaces per residential unit.
Is there potential to add ADUs?
The property may offer potential for accessory dwelling unit development, subject to zoning, building requirements, site feasibility, and appropriate governmental approvals. Buyers should independently investigate any proposed expansion.
Who is the listing agent for 27500 Violin Canyon Road?
Jared Levine of JML Real Estate Group / KW Commercial is the exclusive listing agent for Castaic Apartments. Levine specializes in multifamily investment property sales throughout Los Angeles County, including Castaic, Santa Clarita, the San Fernando Valley, and surrounding markets.
Interested in Buying an Apartment Building in Castaic or Santa Clarita?
Whether you are searching for apartment buildings for sale in Castaic, evaluating multifamily investments in Santa Clarita, or considering the sale of an existing Los Angeles County rental property, working with an experienced multifamily investment specialist can provide valuable local market insight.
Jared Levine of JML Real Estate Group / KW Commercial brings extensive transaction experience and firsthand knowledge of the Castaic multifamily investment market.
For additional information regarding 27500 Violin Canyon Road, Castaic, CA 91384, including the Offering Memorandum, financial information, and property tours, contact Jared Levine directly. 818.657.6556 or jared@jaredmlevine.com
Jared Levine
JML Real Estate Group | KW CommercialMultifamily Investment Sales | Los Angeles County & Santa Clarita Valley
Financial information, projected market rents, and investment returns are based on information provided and underwriting assumptions and are not guaranteed. Buyers should independently verify all information, including expenses, GRM, CAP Rate, zoning, development potential, and applicable regulations.
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