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31701 Ridge Route Rd, Castaic, CA 91384

Castaic Lake Apartments

31701 Ridge Route Rd, Castaic, CA 91384

Thirty-three units at the northern gateway to the Santa Clarita Valley.

Exclusively listed by the LAAA Team at Marcus & Millichap

Listing Price
$7,500,000
Cap Rate
5.64%
Units
33
GRM
10.38
Price / Unit
$227,273
Price / SF
$274.12
Gross SF
27,360 SF
Year Built
1988

Offering

The Offering

The LAAA Team of Marcus & Millichap presents Castaic Lake Apartments, a 33-unit community on 1.34 acres at 31701 Ridge Route Road. Built by the same family in 1986 and 1988 and offered by the original owner's children, the property holds 27,360 SF with units averaging 829 SF across functional one- and two-bedroom plans. Five units are vacant at close, giving a buyer immediate room to move rents toward market against a 5.64% going-in cap rate.

  1. 01

    First time on the market in 40 years

  2. 02

    Five units vacant at close for immediate mark to market

  3. 03

    Growing population, limited new supply

  4. 04

    Units average 829 SF

  5. 05

    Onsite laundry

  6. 06

    Gated parking

Location

Castaic

31701 Ridge Route Rd, Castaic, CA 91384

Castaic sits along the I-5 roughly 35 miles north of downtown Los Angeles, the northern gateway to the Santa Clarita Valley. Residents get direct freeway access to Santa Clarita's employment base to the south and the wider Los Angeles metro beyond, without the cost of closer-in neighborhoods. Castaic Lake and its recreation corridor anchor the area's quality of life.

Listing Team

Exclusively listed by the LAAA Team.

For offering materials, financials, or offer guidance, reach out directly.

Next Step

Ready to dig into the financials?

Sign the Confidentiality Agreement to access the full Offering Memorandum for Castaic Lake Apartments.

LA Apartment Advisors

The LAAA Team

Marcus & Millichap

All property showings are by appointment only.

This information has been secured from sources believed to be reliable, but no representations or warranties, expressed or implied, are made as to the accuracy of the information. References to square footage, age, or income are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. All property showings are by appointment only.