24707 Railroad AveSanta Clarita, CA 91321

Property Details for 24707 Railroad Ave

Year built

1961

Lot size

0.33 AC

Property size (Sq ft)

3,910 SF

Zone code

SCSP(3)

Property type

Office buildings

APN

2855-016-035

APU

2855016035

Description

This exceptional Santa Clarita investment opportunity presents two buildings totaling 5,500 square feet on a 0.33-acre lot. Located at 24707 & 24663 Railroad Ave, in the heart of Los Angeles County, this property offers significant potential for both owner-users and developers. The larger building (approximately 4,000 sq ft) is a fully built-out medical office, featuring five exam rooms, a procedure room, a recovery room, two private offices, a spacious waiting room, front and back offices, a bathroom, and a large kitchen/lunchroom. The second building (approximately 1,500 sq ft) boasts an open floor plan, adaptable to various uses including medical, retail, or general office space. Built in 1961 and renovated in 2018, the property includes 18 parking spaces and benefits from a 100% occupancy rate since March 25, 2022. Situated within the Newhall Specific Plan, this property offers diverse redevelopment possibilities, including hotels, mixed-use developments, retail spaces, apartments, and fast-food drive-thrus. Other potential uses include general office space, a construction yard, childcare facilities, and retail establishments. The asking price is $3,600,000, translating to $654.55 per square foot. The property is zoned for medical office and mixed-use development, offering a unique blend of immediate income and long-term growth potential. This fee-simple ownership opportunity is ideal for a 1031 exchange.

• CAP approach

  CAP return

  Valuation

  6%

  $1,036,962

  6.5%

  $957,196

  7%

  $888,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $743,526

  Geo Method

  $743,526

• Alternative Use

  Use

  Valuation

  Residential

  $1,186,922

  Hospitality

  $1,087,215

  Educational

  $904,550

  Medical

  $935,659

  Retail

  $1,407,078

Location Insight

City

Santa Clarita

County

Los Angeles

State

California

Latitude

34.3843

Longitude

-118.531

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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