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31657 Ridge Route Rd 84 Unit Apartment Building For Sale Castaic, CA 91384
Executive Summary
31657 Ridge Route Rd | 84 Units | Built 1991
31657 Ridge Route Road is a well-maintained 84-unit community situated on a 3.28-acre site in the heart of Castaic. The property offers a highly desirable mix of one, two, and three-bedroom units. Residents enjoy a community pool and on-site parking, supporting strong renter appeal and everyday convenience. The community also participates in a RUBS program and is enrolled in SCEP, reinforcing efficient operations and cost control.
Current rents reflect approximately 27% rental upside, creating substantial room for revenue growth through unit turnover, targeted improvements, and strategic repositioning. With its expansive site, large unit layouts, and central Ridge Route Road location, 31657 Ridge Route Road serves as the portfolio’s high-density anchor and a standout value-add opportunity within the Castaic market.
31657 Ridge Route Road is a well-maintained 84-unit community situated on a 3.28-acre site in the heart of Castaic. The property offers a highly desirable mix of one, two, and three-bedroom units. Residents enjoy a community pool and on-site parking, supporting strong renter appeal and everyday convenience. The community also participates in a RUBS program and is enrolled in SCEP, reinforcing efficient operations and cost control.
Current rents reflect approximately 27% rental upside, creating substantial room for revenue growth through unit turnover, targeted improvements, and strategic repositioning. With its expansive site, large unit layouts, and central Ridge Route Road location, 31657 Ridge Route Road serves as the portfolio’s high-density anchor and a standout value-add opportunity within the Castaic market.
Property Facts
| Sale Type | Investment | Lot Size | 3.28 AC |
| No. Units | 84 | Building Size | 74,372 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1991 |
| Apartment Style | Garden | Parking Ratio | 2.96/1,000 SF |
| Building Class | C | ||
| Zoning | MF - Multi-Family | ||
| Sale Type | Investment |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.28 AC |
| Building Size | 74,372 SF |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 2.96/1,000 SF |
| Zoning | MF - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 708 |
| 2+2 | 48 | - | 987 |
| 3+2 | 12 | - | 1,275 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2865-009-022 | Improvements Assessment | $7,034,175 |
| Land Assessment | $750,585 | Total Assessment | $7,784,760 |
Property Taxes
Parcel Number
2865-009-022
Land Assessment
$750,585
Improvements Assessment
$7,034,175
Total Assessment
$7,784,760
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31657 Ridge Route Rd
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