31701 Ridge Route Road, Castaic, CA 91384

Castaic
Local realty services provided by:Better Homes and Gardens Real Estate Champions
31701 Ridge Route Road,Castaic, CA 91384
$7,500,000
  • 46 Beds
  • 43 Baths
  • 27,360 sq. ft.
  • Multi-family
  • Active
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26867719
Source:CRMLS

Price summary

  • Price:$7,500,000
  • Price per sq. ft.:$274.12

About this home

31701 Ridge Route Road is a 33-unit apartment community in the heart of the Santa Clarita Valley, being offered to the open market for the first time in nearly 40 years. The property was built and owned by the same family since its development in 1986 and 1988, and is now being offered by the original owner's children. The property has a proven track record and has been well-maintained throughout it's history. The property comprises 33 residential units across 27,360 rentable square feet on a 1.34-acre site. The unit mix skews toward functional one- and two-bedroom floor plans - the bread and butter of the Santa Clarita Valley workforce renter - with units averaging 829 square feet. In-place rents trail current market rates by a meaningful margin, and five units are currently vacant, providing an incoming owner with an immediate opportunity to begin capturing market rents at close. Situated along the I-5 corridor approximately 35 miles north of downtown Los Angeles, Castaic occupies a...

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Home facts

  • Year built:1986
  • Listing ID #:26867719
  • Added:3 day(s) ago
  • Updated:August 07, 2026 at 10:51 AM

Rooms and interior

  • Bedrooms:46
  • Total bathrooms:43
  • Living area:27,360 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1986
  • Building area:27,360 sq. ft.
  • Lot area:1.34 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$7,500,000
  • Price per sq. ft.:$274.12

Parking

  • Parking description:Covered
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