28520 Roosevelt Ave Castaic, CA 91384
This exceptional 0.905-acre property in Castaic, California (APN 3271-008-031), presents a unique development opportunity. Located at 28520 Roosevelt Ave, 91384, this R1-zoned land offers five separate parcels, ideal for building multiple residences or a single large home. The nearly one-acre lot (39,446 sq ft) is conveniently situated at the end of a quiet street, ensuring privacy. Utilities are readily available at the road, simplifying construction. The flat terrain makes development straightforward. This location boasts easy access to major transportation routes, including the 5 and 126 Freeways, just five minutes away. Enjoy proximity to Six Flags Magic Mountain and Westfield Valencia Town Center (both within 15 minutes), as well as Piru and Pyramid Lakes. The vibrant Val Verde community offers a wealth of amenities, including a swimming pool, playgrounds, sports fields, a community center, and numerous parks and recreational areas. The property's adjacency to the approved Sterling Ranch Estates, a planned community with 222 single-family homes, further enhances its value and potential. This is a rare chance to build in a desirable location with excellent access to amenities and transportation. The asking price is $279,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.