24707 Railroad AveSanta Clarita, CA 91321

  • Office properties
  • 3,910 SF
For Sale
$3,600,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
24707 Railroad Ave, Santa Clarita, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2016
-
$606,888
$260,094
$866,982
-
-
-
-

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