8
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$5,750,000
Est. payment /mo
1.99 Acres Lot
Price Dropped by $300K
24833 Railroad Newhall, CA 91321
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Custom Downtown Newhall (Cdnew)
MLS Listing ID CV26037020
HOA Y/N No
Year Built 1923
Lot Size 1.993 Acres
Property Sub-Type Apartment
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 7.27% cap rate & 7.66% 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. Newhall's “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 Mountain, Henry Mayo Newhall Memorial Hospital, College of the Canyons, and Princess Cruises, among others. The area also benefits from growth in higher-wage industry clusters such as aerospace and defense manufacturing, supporting long-term housing demand. Demographically, within a five-mile radius of the property reflects an income-supported renter base, with median household income of near $143,723 and a population of approximately 182,599. Ongoing planning and infill development activity in and around Old Town Newhall, including specific plan initiatives and mixed-use/housing proposals—reinforce the City's long-term commitment to walkability, Main Street activation, and additional housing delivery, supporting continued demand for affordable housing options within the submarket
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 7.27% cap rate & 7.66% 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. Newhall's “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 Mountain, Henry Mayo Newhall Memorial Hospital, College of the Canyons, and Princess Cruises, among others. The area also benefits from growth in higher-wage industry clusters such as aerospace and defense manufacturing, supporting long-term housing demand. Demographically, within a five-mile radius of the property reflects an income-supported renter base, with median household income of near $143,723 and a population of approximately 182,599. Ongoing planning and infill development activity in and around Old Town Newhall, including specific plan initiatives and mixed-use/housing proposals—reinforce the City's long-term commitment to walkability, Main Street activation, and additional housing delivery, supporting continued demand for affordable housing options within the submarket
Location
State CA
County Los Angeles
Area Dnew - Downtown Newhall
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2855013049
Energy Description 500.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Douglas McCauley MARCUS & MILLICHAP 626-695-6776
NEARBY SCHOOL & BUSINESS
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