31701 Ridge Rte Road

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$7,500,000
46 beds43 baths27,360 sqft$274/sqft
31701 Ridge Rte Rd, Castaic, CA 91384
Est: $45,084/moGet pre-approved

Description

The LAAA Team of Marcus & Millichap presents 31701 Ridge Route Road, 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...The LAAA Team of Marcus & Millichap presents 31701 Ridge Route Road, 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 meaningful geographic and economic position as the northern gateway to the Santa Clarita Valley. The location gives residents direct freeway access to Santa Clarita's employment base to the south and to the broader Los Angeles metro beyond - all without the congestion and cost of living that define closer-in neighborhoods. Castaic Lake and the surrounding recreation corridor add a quality-of-life dimension that sets this community apart and contributes to the stable, deeply rooted residential character that has defined this property over nearly four decades of family ownership.
LISTING UPDATED: 08/03/2026 12:51 PM

  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01238010 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 31701 Ridge Rte Road

Status
Active
MLS #
26867719
Days on Market
20
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income
Year Built
1986
Lot Size
1.34 AC / 58,370 SF
County
Los Angeles County
Zoning
LCR3*
Parcel Number
2865009018
Total Units
33.0
Living Area
27360
Source Living Area
Other
Area
East Castaic (ECAS)
Vacancy Rate
3%
Lot Size Area
58370
Source Lot Size Area
Other
Assessor Parcel Number
2865-009-018
Directions
Lake Hughes Rd

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
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Building Information for 31701 Ridge Rte Road

Stories-Residences-Year Built1986Building Size-Lot Size1.34 AC / 58,370 SF

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$45,084 per month

30 year fixed, 6.55% Interest

Principal and Interest

$38,122

Property Taxes

$6,962

HOA Dues

$0

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Property Information for 31701 Ridge Rte Road

Community / Development
Community / Development
  • Number Of Units: 33
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Market
  • Security Features: Gated
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $709,193
  • Net Operating Income: $423,001.00
  • Gross Income: $722,305
  • Gross Rent Multiplier: $10.38
  • Total Annual Expense: 286192
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 1.34
  • Lot Size Square Feet: 58370
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 0
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-03-2026
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,389.00
  • Unit Actual Rent: $2,779.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,637.00
  • Unit Actual Rent: $29,466.00
  • Unit Projected Rent: $35,082.00
  • Like Units: 18
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,406.00
  • Unit Actual Rent: $7,218.00
  • Unit Projected Rent: $7,050.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,072.00
  • Unit Actual Rent: $20,720.00
  • Unit Projected Rent: $24,000.00
  • Like Units: 10
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 31701 Ridge Rte Road

DateEvent & SourcePriceAppreciation
Jul 14, 2026

Listed (Active)

CRMLS #26867719

$7,500,000—
Jul 14, 2026

Listed (Active)

CLAW #26867719

$7,500,000—
DateEvent & SourcePrice
07/14/2026

Listed (Active)

CRMLS #26867719

$7,500,000
07/14/2026

Listed (Active)

CLAW #26867719

$7,500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 31701 Ridge Rte Road

Taxable ValueLand$1,591,812Additions$4,510,134Total$6,101,946
Tax Record2025$83,548 ($6,962 / month)
Home Facts
Baths19Total Finished SqFt16,640 SqFtAbove Grade Finished SqFt16,640 SqFtLot Size42,153 SqFtStyleMulti-Family Res (5+ Units)Year Built1986Year Renovated1986ZoningLCR3*CountyLOS ANGELESAPN2865-009-018

Schools near 31701 Ridge Rte Road

This home is within Castaic Union School District.
Rating
School
Type
Grades
Distance
Northlake Hills Elementary School
Public - K to 7
Castaic Middle School
Public - 7 to 8
Valencia High School
Public - 9 to 12
Castaic High
Public - 9 to 12
Rating
School
Distance
Northlake Hills Elementary School
PublicK to 7

Castaic Middle School
Public7 to 8

Valencia High School
Public9 to 12

Castaic High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 31701 Ridge Rte Road, Castaic, CA 91384

31701 Ridge Rte Road is a multi-family home for sale in Castaic, CA 91384. This property was listed for sale on July 14, 2026 by Marcus & Millichap, it's currently listed at $7,500,000. This listing's school districts are William S. Hart Union High School District, Castaic Union School District. Nearby schools include Northlake Hills Elementary School, Castaic Middle School and Valencia High School. 31701 Ridge Rte Road is a 46-bed, 43-bath, 27,360 sqft multi-family home built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.