Logan Ward
Associate
CalDRE #02200464
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
- $6,700,000
- Cap Rate
- 6.77%
- Units
- 33
- GRM
- 9.01
- Price / Unit
- $203,030
- Price / SF
- $244.88
- 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 a 1.34-acre site at 31701 Ridge Route Road, on the open market for the first time in nearly 40 years. Built and owned by the same family since 1986 and 1988 and now offered by the original owner's children, the property has 27,360 rentable square feet with units averaging 829 square feet. The financials use projected January 2027 rents, including market-rent assumptions.
- 01
First time on the market in 40 years. Built and owned by the same family since 1986 and 1988, and now offered by the original owner's children.
- 02
Room to Move Rents. The model shows average scheduled rent of $1,877 per month and average market rent of $2,104.
- 03
Desirable Unit Mix. Studios, one-bedrooms and two-bedrooms averaging 829 square feet, built for the Santa Clarita Valley workforce renter.
- 04
Direct Freeway Access. I-5 connects Castaic to Santa Clarita's employment centers and greater Los Angeles.
- 05
Onsite Laundry. Plus gated parking on a 1.34-acre site near Castaic Lake and its recreation corridor.
Gallery
Inside the Offering
31701 Ridge Route Rd, Castaic, CA 91384
Location
Castaic
31701 Ridge Route Rd, Castaic, CA 91384
Castaic sits along the I-5 corridor approximately 35 miles north of downtown Los Angeles, the northern gateway to the Santa Clarita Valley. Residents have direct freeway access to Santa Clarita's employment base to the south and to the broader Los Angeles metro beyond. Castaic Lake and the surrounding recreation corridor add a quality-of-life dimension to the community.
Listing Team
Exclusively listed by the LAAA Team.
For offering materials, financials, or offer guidance, reach out directly.
Glen Scher
Senior Managing Director Investments
CalDRE #01962976
Glen Scher
Senior Managing Director Investments
CalDRE #01962976
Filip Niculete
Senior Managing Director Investments
CalDRE #01905352
Filip Niculete
Senior Managing Director Investments
CalDRE #01905352
Next Step
Ready to dig into the financials?
Sign the Confidentiality Agreement to access the full Offering Memorandum for Castaic Lake Apartments.
