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Additional details
$ 5,750,000
Est. payment /mo
Active
24833 Railroad Newhall, CA 91321
3 Beds
4 Baths
1.99 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Custom Downtown Newhall (Cdnew)
MLS Listing ID CV26037020
Bedrooms 3
Lot Size 1.993 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
***Please Call or Text for an Offering Memorandum*** Pleased to exclusively present the opportunity to acquire Serenity Acres Mobile Home Park located at 24833 Railroad Avenue Santa Clarita, CA. The mobile home park is an all-age community and sits on a 1.99 acre parcel. The property consists of 28 mobile home sites (8 tenant-owned homes and 20 park-owned homes) and 6 single-story apartments consisting of one - studio/one bathroom unit, two - one bedroom/one bathroom units, one - two bedroom/one bathroom unit and two - three bedroom/two bathroom units. This diversified income stream provides a current 7.47% cap rate & 7.88% current cash on cash return. The residents are directly-billed for gas and electricity and the water and trash are paid by the owner. The park is also serviced city water and sewer. The studio apartment may be non-conforming, buyer to verify. Situated in the Newhall submarket of the City of Santa Clarita, the asset benefits from strong regional connectivity via Interstate 5 and State Route 14, providing commuter access to the San Fernando Valley, Los Angeles, and the Antelope Valley. The Metrolink is located less than one-mile from the subject property and further enhances commuter appeal and access to broader employment nodes. Newhalls Old Town district located one-half mile away is a recognized arts and entertainment hub that has experienced ongoing revitalization and reinvestment, supporting long-term neighborhood stability. The Santa Clarita Valley offers an established employment base supported by major regional anchors including Six Flags Magic Mou
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Updated in 2023: 28 Mobile Home Sites + 6 Single-Story Apartments. Near Interstate 5 and State Route 14
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 2855013049
Acceptable Financing Cash
Listing Terms Cash
Listed by Douglas McCauley • MARCUS & MILLICHAP
NEARBY SCHOOL & BUSINESS
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