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$7,500,000
46 Beds ⋅ 43 Baths ⋅ 26867719 MLS ⋅ Active Status
31701 Ridge Route Road is 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.

31701 Ridge Route Road, Castaic
$185,000
2 Beds ⋅ 2 Baths ⋅ SR26088161 MLS ⋅ Active Under Contract Status
NEW PRICE! Great opportunity to enjoy modern comfort in a peaceful setting. Check out this inviting 2015-built manufactured home thoughtfully updated with stylish luxury vinyl plank flooring, this 2-bedroom, 2-bath home features an open-concept layout designed for easy living. The decorator kitchen includes a breakfast bar and flows seamlessly into the main living space, creating a bright and inviting atmosphere. Enjoy your morning coffee on the welcoming front porch, or unwind in the low-maintenance backyard complete with a storage shed. A tandem covered carport provides convenient parking, with additional guest parking available nearby. Nestled in Castaic in a quiet, friendly manufactured home community, residents also enjoy access to amenities including a pool and sport court. This hidden gem offers a serene, tucked-away feel while still being just minutes from local shops, dining, and easy access to the 5 freeway.

30000 Hasley Canyon Road Unit 44, Castaic

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.