31701 Ridge Route RD, Castaic, CA 91384
31701 Ridge Route RD, Castaic, CA 91384
31701 Ridge Route RD, Castaic, CA 91384
31701 Ridge Route RD, Castaic, CA 91384
31701 Ridge Route RD, Castaic, CA 91384
31701 Ridge Route RD, Castaic, CA 91384
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Denise West

Denise West

+1(805) 390-4142
$ 7,500,000
Est. payment | /mo

46 Beds

43 Baths

27,360 SqFt

Save
$ 7,500,000
Est. payment | /mo
Save

46 Beds

43 Baths

27,360 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 27,360 sqft

Price per Sqft $274

MLS Listing ID 26867719

Bedrooms 46

HOA Y/N No

Year Built 1986

Lot Size 1.340 Acres

Property Description

The LAAA Team of Marcus & Millichap presents 31701 Ridge Route Road, a 33-unit apartment community in the heart of the Santa Clarita Valley, being offered to the open market for the first time in nearly 40 years. The property was built and owned by the same family since its development in 1986 and 1988, and is now being offered by the original owner's children. The property has a proven track record and has been well-maintained throughout it's history.The property comprises 33 residential units across 27,360 rentable square feet on a 1.34-acre site. The unit mix skews toward functional one- and two-bedroom floor plans - the bread and butter of the Santa Clarita Valley workforce renter - with units averaging 829 square feet. In-place rents trail current market rates by a meaningful margin, and five units are currently vacant, providing an incoming owner with an immediate opportunity to begin capturing market rents at close.Situated along the I-5 corridor approximately 35 miles north of downtown Los Angeles, Castaic occupies a meaningful geographic and economic position as the northern gateway to the Santa Clarita Valley. The location gives residents direct freeway access to Santa Clarita's employment base to the south and to the broader Los Angeles metro beyond - all without the congestion and cost of living that define closer-in neighborhoods. Castaic Lake and the surrounding recreation corridor add a quality-of-life dimension that sets this community apart and contributes to the stable, deeply rooted residential character that has defined this property over nearly four decades of family ownership.

Location

State CA

County Los Angeles

Area Ecas - East Castaic

Zoning LCR3*

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Covered

Community Features Gated

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2865009018

Security Features Gated Community

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Filip Niculete Marcus & Millichap #01905352
Denise West

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 390-4142

denisewestrealtor@gmail.com

3020 Old Ranch Parkway Suite 250, Seal Beach, CA, 90740, US

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31701 Ridge Route RD