12-Unit Apartment Building with
New
For Sale
$2,595,000
27500 Violin Canyon, Castaic, CA 91384
Commercial Sale, Castaic, CA
Property Size11,191 SF
Lot Size0.42 Acres
Price / SF$231.88
Days on Market2
Property Features for 27500 Violin Canyon
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Ridge Rte Rd to Violin Canyon Rd
Subdivision
699 - Not Defined
Standard status
Active
APN
2865008046
Lot size
0.42 Acres
Additional Details
Tenant in Place
Yes
Amenities
central air conditioning
on-site laundry
central courtyard
Building Details
Year built
1985
Listing Agency:
Keller Williams Realty-Studio City
Listed By:
Jared Levine · License #01804008
(818) 432-1500
Added: Nov 5
Last Checked: Nov 6 at 12:06PM
MLS# SR26238547
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1985, this 12-unit apartment property contains 11,191 SF on an 18,134 SF corner lot. All residences have a two-bedroom, two-bathroom layout. Property features include central air conditioning, on-site laundry, a central courtyard, and 24 parking spaces, of which 18 are covered. The building is 100% occupied, with a 9.12 GRM and an 8.04% CAP rate. A clear SB 721 inspection report is also noted.
The property is in Castaic, near Castaic Lake, and has access to Interstate 5. The surrounding area is described as predominantly single-family neighborhoods, with shopping, dining, schools, outdoor recreation, and employment centers nearby. Interstate 5 connects the area with Valencia, Santa Clarita, the San Fernando Valley, and greater Los Angeles.
The property is in Castaic, near Castaic Lake, and has access to Interstate 5. The surrounding area is described as predominantly single-family neighborhoods, with shopping, dining, schools, outdoor recreation, and employment centers nearby. Interstate 5 connects the area with Valencia, Santa Clarita, the San Fernando Valley, and greater Los Angeles.
Key Highlights
- 12 apartment units; all are two‑bedroom, two‑bathroom residences
- 11,191 SF building on an 18,134 SF corner lot
- 24 parking spaces, including 18 covered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,072
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,601,440
$3.6M
Cap Rate 7%
$2,572,457
$2.6M
Cap Rate 9%
$2,000,800
$2.0M
Market Conditions
NOI Build-Up for 11,191 SF
Gross rent
$355.9K $31.80/SF
− Vacancy
−$28.5K −$2.54/SF
EGI
$327.4K $29.26/SF
− OpEx
−$147.3K −$13.17/SF
NOI
$180.1K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,601,440
Cap Rate 7%
$2,572,457
Cap Rate 9%
$2,000,800
Alternative Uses
Best Use
Apartment 5plus
$2.57M
$2.25M – $3.00M
NOI $180,072 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.99M
$5.24M – $6.99M
NOI $419,413 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
12
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 91384, CA
28,585
Population
7,254
Households
3.9
Avg Household Size
36
Median Age
32%
College-Educated
84%
High-School Grad
103.6 sq mi
ZIP Area
276
Density / Sq Mi
$129,603
Median Household Income
$57,827
Median Earnings
$1,730
Median Rent
$693,600
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Every residence has two bedrooms and two bathrooms, with on-site laundry and covered parking.
Where is this apartment building located?
The property is located at 27500 Violin Canyon Castaic, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: 12 apartment units; all are two‑bedroom, two‑bathroom residences; 11,191 SF building on an 18,134 SF corner lot; 24 parking spaces, including 18 covered
