20663 Santa Clara StSanta Clarita, CA 91351
- Industrial properties
- 11,300 SF
Property Details for 20663 Santa Clara St
- Year built
- 1957
- Lot size
- 2.17 AC
- Property size (Sq ft)
- 11,300 SF
- Zone code
- SCBP
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
- APN
- 2805-015-005
- APU
- 2805015005
Description
This Santa Clarita, CA industrial property presents a compelling value-add investment opportunity. Located at 20663 Santa Clara St, 91351, this 2.17-acre site boasts four buildings totaling 11,300 square feet (assessor's records), with a net rentable area of 33,175 square feet (owner-provided). The property currently houses 10 tenants, with a diverse mix of businesses including auto repair, landscaping, recycling, and electrical/plumbing supply distribution. Five units will be vacant at closing, and six are on month-to-month leases. Four leases expire within four years. Additional non-conforming structures and trailers are included in the sale. The property features a desirable corner lot with fenced and gated access and three entrances for excellent ingress/egress. The asking price is $5,995,000, with a current NOI of $277,520 and a pro-forma NOI of $720,054, representing a current cap rate of 4.63% and a pro-forma cap rate of 12.01%. The property is zoned BPSC, offering flexibility for various uses. Santa Clarita's business-friendly environment, including no business license fees, adds further investment appeal. This property offers significant upside potential for an investor seeking a multi-functional space with diverse tenant occupancy. The property includes 15 units in total, built in 1957, and is a single-story structure.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $3,579,528
- Hospitality
- $3,278,829
- Educational
- $2,727,947
- Medical
- $2,821,765
- Retail
- $4,243,473
Location Insight
- City
- Santa Clarita
- County
- Los Angeles
- State
- California
- Latitude
- 34.4257
- Longitude
- -118.498
- 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
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