24707 Railroad AveSanta Clarita, CA 91321
- Office properties
- 3,910 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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