| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 59th | Good |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 27614 Violin Canyon Rd, Castaic, CA, 91384, US |
| Region / Metro | Castaic |
| Year of Construction | 1981 |
| Units | 22 |
| Transaction Date | 2024-12-31 |
| Transaction Price | $4,055,000 |
| Buyer | VIOLIN CANYON TERRACE LLC |
| Seller | CASA VIOLIN LLC |
27614 Violin Canyon Rd Castaic Multifamily Investment
This 22-unit property benefits from exceptional neighborhood occupancy rates at 100% and strong rental demand in a market with 82.1% renter-occupied housing units. Commercial real estate analysis from WDSuite shows the area ranks in the top quartile nationally for rental share, supporting tenant retention fundamentals.
The Castaic neighborhood demonstrates strong rental market fundamentals with 100% occupancy and an 82.1% renter-occupied housing share, ranking in the top quartile nationally among 1,441 metro neighborhoods. This rental-heavy tenure profile supports consistent demand for multifamily properties, while median contract rents of $1,624 have increased 28% over five years, indicating pricing power in the local market.
Built in 1981, this property aligns with the neighborhood's average construction year of 1979, suggesting opportunities for value-add renovations and modernization to capture higher rents. The area's demographics within a 3-mile radius show a median household income of $141,234 with 52.8% of households earning over $100,000, providing a stable tenant base for quality multifamily housing.
Home values averaging $607,100 with 37% appreciation over five years reinforce rental demand, as elevated ownership costs keep households in the rental market longer. The neighborhood ranks in the 86th percentile nationally for housing metrics, while amenity access remains moderate with limited childcare and park options that may appeal to working professionals seeking affordable suburban rental options.
Population forecasts within the 3-mile radius project household growth of 25.2% through 2028, expanding the potential tenant pool. Median household incomes are expected to reach $199,647, a 41% increase that should support rent growth and lease renewals in well-positioned multifamily properties.
Property crime rates in the neighborhood are estimated at 693 incidents per 100,000 residents, ranking in the 30th percentile nationally, indicating crime levels above the national median but declining 7.2% year-over-year. Violent crime rates of 116 per 100,000 residents rank in the 29th percentile nationally, though these rates increased 145% over the past year, warranting attention to security measures and tenant screening protocols.
The neighborhood's overall crime ranking of 1,240 among 1,441 metro neighborhoods places it in the lower half for safety metrics. Investors should consider these trends when evaluating insurance costs, security investments, and tenant retention strategies, particularly given the area's strong occupancy fundamentals that suggest residents value other location benefits despite safety concerns.
The Castaic area benefits from proximity to major corporate employers spanning healthcare technology, pharmaceuticals, and entertainment industries, supporting workforce housing demand for professional tenants.
- Boston Scientific Neuromodulation — medical technology (3.5 miles)
- Amerisourcebergen — pharmaceutical distribution (4.9 miles)
- Thermo Fisher Scientific — life sciences (19.0 miles)
- Farmers Insurance Exchange — insurance services (21.5 miles) — HQ
- Amgen — biotechnology (27.1 miles) — HQ
Exceptional occupancy fundamentals with 100% neighborhood-level occupancy and 82.1% renter-occupied housing share
Strong rent growth trajectory with 28% increase over five years and median household income growth supporting pricing power
Value-add potential through renovations of 1981 vintage units to capture premium rents in high-demand rental market
Projected 25% household growth through 2028 expanding tenant pool in established suburban rental market
Crime trends require monitoring with property crime declining but violent crime increasing, impacting security considerations
- Exceptional occupancy fundamentals with 100% neighborhood-level occupancy and 82.1% renter-occupied housing share
- Strong rent growth trajectory with 28% increase over five years and median household income growth supporting pricing power
- Value-add potential through renovations of 1981 vintage units to capture premium rents in high-demand rental market
- Projected 25% household growth through 2028 expanding tenant pool in established suburban rental market
- Crime trends require monitoring with property crime declining but violent crime increasing, impacting security considerations