Lindarothhomes.realestate Search Results

1 listings

Refine Search

Sort by

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.

46 Beds ⋅ 43 Baths ⋅ 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 Rd, Castaic

Courtesy of Marcus & Millichap, Filip Niculete - CA DRE#01905352

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective properties visitor may be interested in purchasing.Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX)program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).