Description
***Please Call or Text for an Offering Memorandum*** Pleased to exclusively present the opportunity to acquire Serenity Acres Mobile Home Park located at 24833 Railroad Avenue Santa Clarita, CA. The mobile home park is an all-age community and sits on a 1.99 acre parcel. The property consists of 28 mobile home sites (8 tenant-owned homes and 20 park-owned homes) and 6 single-story apartments consisting of one - studio/one bathroom unit, two - one bedroom/one bathroom units, one - two bedroom/one bathroom unit and two - three bedroom/two bathroom units. This diversified income stream provides a current 7.47% cap rate & 7.88% current cash on cash return. The residents are directly-billed for gas and electricity and the water and trash are paid by the owner. The park is also serviced city water and sewer. The studio apartment may be non-conforming, buyer to verify. Situated in the Newhall submarket of the City of Santa Clarita, the asset benefits from strong regional connectivity via Interstate 5 and State Route 14, providing commuter access to the San Fernando Valley, Los Angeles, and the Antelope Valley. The Metrolink is located less than one-mile from the subject property and further enhances commuter appeal and access to broader employment nodes. Newhall’s Old Town district located one-half mile away is a recognized arts and entertainment hub that has experienced ongoing revitalization and reinvestment, supporting long-term neighborhood stability. The Santa Clarita Valley offers an established employment base supported by major regional anchors including Six Flags Magic Mountain, Henry Mayo Newhall Memorial Hospital, College of the Canyons, and Princess Cruises, among others. The area also benefits from growth in higher-wage industry clusters such as aerospace and defense manufacturing, supporting long-term housing demand. Demographically, within a five-mile radius of the property reflects an income-supported renter base, with median household income of near $143,723 and a population of approximately 182,599. Ongoing planning and infill development activity in and around Old Town Newhall, including specific plan initiatives and mixed-use/housing proposalsreinforce the City’s long-term commitment to walkability, Main Street activation, and additional housing delivery, supporting continued demand for affordable housing options within the submarket
Details
| MLS # | CV26037020 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 195 |
| Listing Provided By | MARCUS & MILLICHAP | Douglas McCauley |
Features
| SQ Feet | 86,816 |
|---|---|
| Story(s) | 1 |
| Units | 34 |
| Acreage | 1.99 |
Exterior
| Lot Features | Rectangular Lot |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Newhall |
| Zip Code | 91321 |
| Area | DNEW Downtown Newhall |
| Community Name | Custom Downtown Newhall (CDNEW) |
| Listing VS Median (in Custom Downtown Newhall (CDNEW)) | |
Price: $5,750,000 low | high Med: $5,750,000 sqft: 86,816 low | high Med: 86,816 $ / sqft: $66 low | high Med: $66 On site: 195 low | high Med: 195 | |
Market Activity 91321
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Newhall |
| Zip Code | 91321 |
| Area | DNEW Downtown Newhall |
| Community Name | Custom Downtown Newhall (CDNEW) |
| Listing VS Median (in Custom Downtown Newhall (CDNEW)) | |
Price: $5,750,000 low | high Med: $5,750,000 sqft: 86,816 low | high Med: 86,816 $ / sqft: $66 low | high Med: $66 On site: 195 low | high Med: 195 | |