24842 Newhall Avenue

    Newhall, CA 91321
    • $8,400,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: 18377926
    UPDATED: 134 min ago
    $8,400,000
    • 0
      BEDS
    • 1.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,448
      SQFT
    • $344
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-19T00:30:30.353. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/86768358

    24842 Newhall Avenue Newhall, CA 91321

    • Price: $8,400,000
    • Status: Active
    • Updated: 134 min ago
    • ID#: 18377926
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.09
    Acres
    24,448
    SQFT
    $344
    $/SQFT
    1969
    Built
    Neighborhood:
    DNEW - Downtown Newhall
    County:
    Los Angeles
    Area:
    DNEW - Downtown Newhall
    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.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 4.71 Gross Multiplier 12.11 Gross Operating Income 683820.00 Laundry YN Yes Net Operating Income 395796.00 Special Listing Conditions Standard Total Expenses 252558.00 Zoning Scur3

    Listing provided courtesy of Joshua Luchs of Cb Richard Ellis, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-19T00:30:30.353. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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