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Meridian Real Estate & Investments
31701 Ridge Route Road, Castaic, CA 91384
- $6,700,000
- 46
- BD
- 43
- BA
- 27,360
- SqFt
- List Price
- $6,700,000
- Price Change
- ▼ $800,000 1794275904
- Status
- ACTIVE
- MLS#
- 26867719
- Year Built
- 1986
- Bedrooms
- 46
- Bathrooms
- 43
- Living Sq. Ft
- 27,360
- Lot Size
- 58,370
- Acres
- 1.34
- Days on Market
- 118
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
31701 Ridge Route Road (APNs 2865-009-018 and 2865-008-045) is a 33-unit apartment community on a 1.34-acre site in Castaic. Built in 1986 and 1988 and owned by the same family since development, it is on the open market for the first time in nearly 40 years. The property has 27,360 rentable square feet, with studios, one-bedroom and two-bedroom apartments, onsite laundry and gated parking. Castaic sits along I-5 about 35 miles north of downtown Los Angeles, near Castaic Lake and its recreation corridor. The financials use projected January 2027 rents, including market-rent assumptions.
Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Attached Structure
- Detached
- Number Of Units Total
- 33
- Gross Scheduled Income
- $743,425
Listing courtesy of Listing Agent: Filip Niculete (info@laaa.com) from Listing Office: Marcus & Millichap.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.