Property Detail

Description

31701 Ridge Route Road (APNs 2865-009-018 and 2865-008-045) is a 33-unit apartment community on a 1.34-acre site in Castaic. Built in 1986 and 1988 and owned by the same family since development, it is on the open market for the first time in nearly 40 years. The property has 27,360 rentable square feet, with studios, one-bedroom and two-bedroom apartments, onsite laundry and gated parking. Castaic sits along I-5 about 35 miles north of downtown Los Angeles, near Castaic Lake and its recreation corridor. The financials use projected January 2027 rents, including market-rent assumptions.