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    Castaic Duplex with Expansion Potential Title is generated by Realmo AI

    31615 Hunter Lane 31609, Castaic, CA 91384

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    Picture of Duplexes at 31615 Hunter Lane 31609, Castaic, CA
    For Sale
    $1,199,000

    Traditional, Duplex - Castaic, CA

    Type:Duplex
    Property size:
    2,658 SF
    Lot size:
    15,825.00 Acres
    Price / SF:
    $451/SF
    Added:
    May 15, 2026
    Days on Market:
    1
    Last Refresh:
    May 15 at 6:06 pm

    Property Features for 31615 Hunter Lane 31609

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Kitchen, Laundry, Living Room
    Parking
    2
    Parking features
    Boat, Driveway, Garage, RV
    Window features
    Double Pane Windows
    Interior features
    Quartz Counters, Open Floorplan, Copper Plumbing Full, No Interior Steps, Window Features: Double Pane Windows
    Exterior features
    Community Features Included: Lake, Rectangular Lot, Lot 10000-19999 Sqft, Back Yard
    Appliances
    Cooktop, Cooktop - Gas, Microwave, Refrigerator
    Standard status
    Active
    APN
    2865016043
    Size
    2,658 SF
    Lot size
    15,825.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1953
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Laminate, Tile, Wood
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    David Prieto

    Listing agent David Prieto License #01881417

    Listing office Sync Brokerage, Inc. 17404 Ventura Blvd., Woodland Hills, CA

    Listing date May 15, 2026

    MLS# SR26106131 Listing URL

    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.

    HighLights

    • Legal duplex on a large lot (approx. 15,825 sq ft) with income potential.
    • Oversized drive‑through access perfect for RVs, boats, and trailers.
    • Both residences are upgraded and in turnkey condition.
    • Main residence: spacious 4‑bed, 2‑bath with 2‑car garage and ADU potential.
    • Second residence provides rental income or investment opportunity.
    • Close to Castaic Lake, freeways, shopping, and dining.

    Overview

    Located in Castaic, minutes from Castaic Lake State Recreation Area, this property at 31615-31609 Hunter Ln features a legal duplex on an approximately 15,825 sq ft lot. The property offers both lifestyle and income potential. Both residences have been upgraded. The property includes drive-through access suitable for RVs, boats, trailers, and work trucks. The property is suited for contractors, entrepreneurs, investors, multigenerational families, or outdoor enthusiasts. The main residence features a 4-bedroom, 2-bathroom layout. The attached 2-car garage may offer future ADU conversion potential. The second residence provides an opportunity to offset mortgage expenses or generate rental income. The property is near boating, fishing, hiking, camping, and Castaic Lake sunsets, with access to freeways, shopping, dining, schools, and employment areas. The lot allows for future optimization, ADU additions, workshop space, or outdoor areas, subject to Los Angeles County approval. The property is suited for owner-users, 1031 exchange buyers, DSCR investors, developers, and real estate buyers seeking an income-producing property with expansion potential. The property size is 2,658 square feet and the lot size is approximately 0.36 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Castaic
    County
    Los Angeles
    State
    California
    Longitude
    -118.623903
    Latitude
    34.493506

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    FAQs

    What type of property is this?
    Duplex - Turnkey duplex on a large lot with income and expansion potential.
    Where is this duplex located?
    The property is located at 31615 Hunter Lane 31609 Castaic, CA.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Legal duplex on a large lot (approx. 15,825 sq ft) with income potential.; **Oversized drive‑through access** perfect for RVs, boats, and trailers.; **Both residences are upgraded and in turnkey condition.**
    (818) 422-3831
    We can help!
    Listing Contact
    David Prieto
    Real Estate License ID: 01881417
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    31615 Hunter Lane 31609, Castaic, CA 91384
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