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Castaic Lake Apartments 31717 Ridge Route Rd 30 Unit Apartment Building For Sale Castaic, CA 91384
Executive Summary
31717 Ridge Route Road — 30 Units | Built 1979
31717 Ridge Route Road is a well-maintained 30-unit community on a 1.03-acre site, offering a balanced mix of one- and two-bedroom floor plans. Residents enjoy a community pool, on-site laundry, and on-site parking, supporting strong day-to-day functionality and renter appeal. The property also participates in a RUBS program and is enrolled in SCEP, reinforcing efficient operations.
Current rents reflect approximately 21% rental upside, providing a clear path to revenue growth through unit turnover, targeted upgrades, and operational refinement. With its generous site, stable performance, and prime Ridge Route Road location, 31717 Ridge Route Road is a strong anchor within
the portfolio’s scale and income-growth story.
31717 Ridge Route Road is a well-maintained 30-unit community on a 1.03-acre site, offering a balanced mix of one- and two-bedroom floor plans. Residents enjoy a community pool, on-site laundry, and on-site parking, supporting strong day-to-day functionality and renter appeal. The property also participates in a RUBS program and is enrolled in SCEP, reinforcing efficient operations.
Current rents reflect approximately 21% rental upside, providing a clear path to revenue growth through unit turnover, targeted upgrades, and operational refinement. With its generous site, stable performance, and prime Ridge Route Road location, 31717 Ridge Route Road is a strong anchor within
the portfolio’s scale and income-growth story.
Property Facts
| Sale Type | Investment | Lot Size | 1.03 AC |
| No. Units | 30 | Building Size | 26,026 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1979 |
| Apartment Style | Low-Rise | Parking Ratio | 4.61/1,000 SF |
| Building Class | C | ||
| Zoning | LCR3* - Restricted Density Multiple Dwelling | ||
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 26,026 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 4.61/1,000 SF |
| Zoning | LCR3* - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 755 |
| 2+1.5 | 4 | - | 820 |
| 2+2 | 12 | - | 955 |
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Property Taxes
| Parcel Number | 2865-008-027 | Improvements Assessment | $2,787,996 CAD |
| Land Assessment | $422,891 CAD | Total Assessment | $3,210,887 CAD |
Property Taxes
Parcel Number
2865-008-027
Land Assessment
$422,891 CAD
Improvements Assessment
$2,787,996 CAD
Total Assessment
$3,210,887 CAD
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Castaic Lake Apartments | 31717 Ridge Route Rd
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