$2,250,000
●
Land -
In Contract
31426 The Old Road N
Castaic, CA 91384
Studio
0 Bath
$11,048
Est. Monthly
About This Property
PRIME Location ZONED COMMERCIAL OVER 2 acres of prime land on
Old Road in Castaic. HUGE development opportunity with over
400 ft of CA 5 FREEWAY exposure! Sale consists of 3 APNs
totaling 2.06 ACRES. THIS IS THE MOST VISIBLE Commercially
ZONED LOT of sale off the 5 Freeway in Castaic with 156,000+ daily
traffic count. IN 2008, lot was approved for 113 units
Holiday Express & Suites in the year 2008. At that
time, over 700K was spent on: Architect & Engineering, Landscape
Designer & Interior Design, which all info will be provided to
review. This is an Excellent opportunity for the savvy investor who
wants to build the name brand Motel or Hotel, Apartment, with
Fantastic visibility from 5 FREEWAY. LOCATION! LOCATION! LOCATION!
DON'T MISS OUT THIS OPPORTUNITY! The information contained
herein obtained from sources deemed reliable but not guaranteed.
Buyer to verify square footage and usage of the land, etc.
Unit Size
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Days on Market
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Land Size
2.05 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 24 days ago (CRMLS #SR24206186)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2025 | In contract | - | |
| In contract | |||
| Mar 26, 2025 | Relisted | $2,250,000 | |
| Relisted | |||
| Mar 11, 2025 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Listed by Rodeo Realty | $2,250,000 | |
| Listed by Rodeo Realty | |||
Property Highlights
With View
Exterior Details
Lot Features: Level, LotOver40000Sqft, NoLandscaping, StreetLevel, ValueInLand
Lot Size Area: 89438
Lot Size Units: Square Feet
Lot Size Acres: 2.0532
Lot Size Square Feet: 89438
Water Source: Public
Utilities Details
Sewer : None
Comparables
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HOA + Taxes
About Castaic
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Listed by: Poupee Komenkul, Rodeo Realty
Last Updated: 24 days ago
Data Source: CRMLS, MLS# SR24206186
Last Updated: 24 days ago
Data Source: CRMLS, MLS# SR24206186
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