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24842 NEWHALL Avenue, Newhall, CA 91321

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24842 NEWHALL Avenue
Newhall, CA 91321

For Sale: $8,400,000

Property Type: Commercial Apartments
MLS#: 18377926

  • Building Size: 24448 SF
  • Lot Size: 47558 SF
  • Number of Units: 36
  • Number of Stories: 2
  • Year Built: 1969
  • Days on market: 135
  • Cap Rate: 4.71
  • Net Operating Income: $395,796
  • Gross Scheduled Income: $683,820
  • Rent Control: No
  • GRM: 12.11
  • Contact Listing Agent Direct:
  • Joshua Luchs, CB Richard Ellis, Inc.

Property Description

Park Newhall Offers residents excellent living conditions in the heart of the Santa Clarita Valley. Residents appreciate the convenience of the nearby entertainment, dining, recreation, and nightlife options that the Valley has to offer.The asset consists of five two-story buildings situated on five parcels of land totaling over one acre. Open parking spaces are situated throughout the community providing more than one space per apartment. Many units have been recently updated with new plank flooring, re-glazed countertops in the bathroom and kitchen, microwave hood, new carpet, fresh paint, and modern lighting and plumbing fixtures. The property has been well maintained, yet still features considerable potential for further capital improvements in order to tap additional revenue streams.

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24842 NEWHALL Avenue, Newhall, CA 91321

Based on information from California Regional Multiple Listing Service, Inc. as of December 4, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Joshua Luchs, CB Richard Ellis, Inc.

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