Upgraded Condo with Spacious
For Sale
$459,900
18217 Flynn Drive #116 Canyon, Canyon Country, CA 91387
Updated 2-bedroom condo with loft, modern amenities, and convenient location.
Property Size1,085 SF
Price / SF$423.87
Days on Market567
Property Features for 18217 Flynn Drive #116 Canyon
General Information
Standard status
Active
Size
1,085 SF
Property subtype
Condominium
Amenities
Fireplace
Central
Central Air
Dryer
Building Details
Building Size
1,085 SF
Year Built
1990
Stories
2
Listing Agency:
Keller Williams VIP Properties
Listed By:
David Sevanian · License #01275548
(661) 510-6072
Source:
Kw
Added: Apr 16, 2025
Changed: Oct 30
Last Checked: Nov 1 at 11:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams VIP Properties
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Investment Insights
Based on property information with market context.
Located in the Canyon Park Village community, this upgraded 2-bedroom, 2-bath upper-level condo features a spacious loft. The residence offers an open layout with 12-foot vaulted ceilings in the living room and both bedrooms, enhanced by natural light. The living area includes a fireplace, flowing into the dining space and a modern kitchen equipped with LG stainless steel appliances, including a smart "ThinQ" fridge, and an oversized farmhouse-style sink. Both bedrooms are generously sized with mirrored closet doors and ample closet space. The bathrooms have been updated with new fixtures, sleek faucets, and Kohler-brand toilets. A spiral staircase leads to the loft, suitable for a home office or additional space. Comfort is ensured with new carpeting, a newer central A/C system, and in-unit stackable laundry. The property includes a private tandem two-car garage, fully drywalled, with a newer roll-up garage door and a Chamberlain ultra-quiet motor. Community amenities include a pool and spa. The condo is located less than a mile from shopping and dining options, including Costco, Planet Fitness, and Stater Brothers market. The property size is 1085 square feet.
Key Highlights
- Completely upgraded and meticulously maintained 2 bedroom, 2 bath upper‑level condo with a spacious loft in the desirable Canyon Park Village community.
- Features soaring 12‑foot vaulted ceilings, abundant natural light, and an open layout ideal for both relaxing and entertaining.
- Modern kitchen with LG stainless steel appliances, including a smart "ThinQ" fridge, and an oversized farmhouse‑style sink.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,413
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,260
$328.3K
Cap Rate 7%
$234,471
$234.5K
Cap Rate 9%
$182,367
$182.4K
Market Conditions
NOI Build-Up for 1,085 SF
Gross rent
$31.2K $28.80/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$29.8K $27.50/SF
− OpEx
−$13.4K −$12.38/SF
NOI
$16.4K $15.13/SF
Area
Santa Clarita, CA
Vacancy
4.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,260
Cap Rate 7%
$234,471
Cap Rate 9%
$182,367
Alternative Uses
Best Use
Apartment 5plus
$234.5K
$205.2K – $273.6K
NOI $16,413 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$271.9K
$237.9K – $317.2K
NOI $19,034 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
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Business Placement
Demographics for 91387, CA
45,749
Population
14,938
Households
3.1
Avg Household Size
36
Median Age
34%
College-Educated
89%
High-School Grad
53.4 sq mi
ZIP Area
857
Density / Sq Mi
$114,378
Median Household Income
$51,036
Median Earnings
$2,499
Median Rent
$695,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated 2-bedroom condo with loft, modern amenities, and convenient location.
Where is this apartment building located?
The property is located at 18217 Flynn Drive #116 Canyon Canyon Country, CA.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Completely upgraded and meticulously maintained 2 bedroom, 2 bath upper‑level condo with a spacious loft in the desirable Canyon Park Village community.; Features soaring 12‑foot vaulted ceilings, abundant natural light, and an open layout ideal for both relaxing and entertaining.; Modern kitchen with LG stainless steel appliances, including a smart "ThinQ" fridge, and an oversized farmhouse‑style sink.
