23655 Newhall AveSanta Clarita, CA 91321

Property Details for 23655 Newhall Ave

Year built

1971

Construction

WOOD

Lot size

0.64 AC

Property size (Sq ft)

8,115 SF

Zone code

SCMX-C

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

2827-004-017

APU

2827004017

Description

This exceptional owner-user/investment opportunity presents a 100% fee simple interest in an 8,115-square-foot, multi-tenant retail/office center. The two-story building, constructed in 1971, sits on a roughly 28,089-square-foot lot zoned SCMX-C in Santa Clarita, CA (buyer to verify). The property features five units ranging from 1,200 to 2,025 square feet, currently 77% occupied. Unit E, a 1,890-square-foot space on the second floor, is ideal for owner-occupancy. The efficient unit sizes promote high occupancy and minimize lease-up costs. Located on Newhall Avenue, this property boasts excellent street visibility and high traffic counts. Its prime location is adjacent to Old Town Newhall, The Center at Needham Ranch, Dockweiler 21, and Building Hope, surrounded by residential areas and within minutes of Valencia Town Center amenities. The asking price is $2,300,000. The property includes front and rear parking areas. This presents a strong investment opportunity due to its established tenants, prominent location, and potential for redevelopment. The property's address is 23655 Newhall Ave, Santa Clarita, CA 91321, APN 2827-004-017.

• CAP approach

  CAP return

  Valuation

  6%

  $2,668,384

  6.5%

  $2,463,124

  7%

  $2,287,187

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,391,880

  Geo Method

  $2,391,880

• Alternative Use

  Use

  Valuation

  Residential

  $2,463,124

  Hospitality

  $2,256,208

  Educational

  $1,877,139

  Medical

  $1,941,697

  Retail

  $2,919,994

Location Insight

City

Santa Clarita

County

Los Angeles

State

California

Latitude

34.3697

Longitude

-118.514

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].