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    24842 Newhall Ave

    Newhall, CA 91321
    • $35,795,000
    • STATUS: Active
    • ON SITE: 79 days
    • ID#: 20-571038
    UPDATED: 67 min ago
    $35,795,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 124,481
      SQFT
    • $288
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Sold with 6 additional APNs. Total of 141 units & 12,614 S.F. Office/Retail. Properties are close to each other. 9.6% cash on cash with existing rents, 12.5% cash on cash with rents at market. Upside in rents. Santa Clarita has no rent control. Priced at $236,170/Unit. 11.5 x gross and 5.3% cap with current rents; 10.4 x gross and 6.2% cap with market rents. Near Westfield Valencia Town Center, Magic Mountain, Hurricane Harbor. Prefer to sell the entire portfolio to one buyer. Seller will consider selling individual properties

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-07T17:42:44.853. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/105131803
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    24842 Newhall Ave Newhall, CA 91321

    • Price: $35,795,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: 20-571038
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    124,481
    SQFT
    $288
    $/SQFT
    1963
    Built
    Neighborhood:
    Downtown Newhall
    County:
    Los Angeles
    Area:
    Downtown Newhall
    Property Description
    Sold with 6 additional APNs. Total of 141 units & 12,614 S.F. Office/Retail. Properties are close to each other. 9.6% cash on cash with existing rents, 12.5% cash on cash with rents at market. Upside in rents. Santa Clarita has no rent control. Priced at $236,170/Unit. 11.5 x gross and 5.3% cap with current rents; 10.4 x gross and 6.2% cap with market rents. Near Westfield Valencia Town Center, Magic Mountain, Hurricane Harbor. Prefer to sell the entire portfolio to one buyer. Seller will consider selling individual properties
    Exterior Features

    Lot Size Area 204175 Other Structures Other Parking Garage Assigned Pool YN No Tennis YN No Total Parking 223

    Interior Features

    Baths Total 0.00 Cooling Other Den No Dining Room No Equipment Other Family Room No Heating Other

    Property Features

    Gross Income 3108876 Gross Operating Income 3009620 Like Units1 6 Like Units2 54 Like Units3 66 Like Units4 12 Like Units5 1 Like Units6 2 Net Operating Income 1887585.00 Number Of Buildings 7 Number Of Units 141 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 1122035 Type Of Units Mixed Zoning Scur3

    Listing provided courtesy of Hamid Soroudi DRE#00708618 of Keller Williams Beverly Hills.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-07T17:42:44.853. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355