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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$5,750,000

Est. payment - /mo

3 Beds

4 Baths

1.99 Acres Lot

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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

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Listed by Douglas McCauley • MARCUS & MILLICHAP
Co-listed byDavid Covarrubias • MARCUS & MILLICHAP

Nearby School & Business

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Arash Rokni

REALTOR® CADRE#02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

24833 Railroad Newhall, CA 91321

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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