Browse All Castaic CA Multi-Family Properties for Sale

Nestled in the scenic community of Castaic just minutes from Castaic Lake State Recreation Area, 31615-31609 Hunter Ln presents a rare opportunity to own a turnkey legal duplex on an expansive approximately 15,825 sq ft lot offering lifestyle, income potential, privacy, and future upside. This unique property combines flexibility and long-term wealth-building potential with the space and functionality today’s buyers are searching for. Both residences have been thoughtfully upgraded and offer true pride of ownership from the moment you arrive. The oversized drive-through access provides ample room for RVs, boats, trailers, off-road vehicles, work trucks, and recreational equipment—an increasingly rare feature in Southern California. Ideal for contractors, entrepreneurs, investors, multigenerational families, or outdoor enthusiasts, this property adapts to a variety of lifestyles and investment strategies. The main residence features a spacious and move-in-ready 4-bedroom, 2-bathroom layout designed for comfortable everyday living and entertaining. The attached 2-car garage may offer future ADU conversion potential (buyer to verify), creating additional opportunities for passive income, guest quarters, or extended family living. The second residence was built from the ground up and provides an excellent opportunity to offset mortgage expenses, generate rental income, or establish a strong long-term investment in one of Los Angeles County’s growing communities. Enjoy close proximity to boating, fishing, hiking, camping, and waterfront sunsets at Castaic Lake while maintaining convenient access to freeways, shopping, dining, schools, and major employment corridors. The oversized lot offers additional possibilities for future lot optimization, ADU additions, workshop space, outdoor entertaining areas, or other improvements subject to Los Angeles County approval. Perfectly suited for owner-users, 1031 exchange buyers, DSCR investors, developers, and savvy real estate buyers seeking an income-producing property with expansion potential, this is a rare opportunity to acquire a legal duplex that combines turnkey condition, usable land, income generation, and future upside in today’s competitive market.

31615 31609 Hunter Lane, Castaic

$4,055,000

CV24153743 MLS ⋅ Closed Status

PRICED TO SELL! We are pleased to exclusively offer for sale this 22 Unit multi-family residential investment opportunity in the city of Castaic, located just minutes north of the city of Valencia. Boasting a 5.43% Cap Rate and a 10.21 GRM, this property was constructed in the 1980s and offers 18,816 rental square feet on a substantial 41,096 square foot lot. The unit composition includes one 2-Bedroom/1.75-Bathroom unit with an oversized patio, seven additional 2-Bedroom/1.75-Bathroom units, and fourteen 1-Bedroom/1-Bathroom units, each with private balconies/patios, ensuring a desirable outdoor space for each tenant. Tenant amenities enhance this property's appeal featuring gated private entry with an intercom call system, central A/C & Heat, sparkling swimming pool, communal laundry room, and covered carport parking with a total of 37 off-street parking spaces. The property also benefits from copper plumbing and a newer roof, highlighting its well-maintained condition. With a 35% upside in market rents, this investment offers significant potential for revenue growth and upside appreciation.

27614 Violin Canyon Road, Castaic

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Castaic Multi-Family Real Estate

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