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    24833 Railroad Ave Santa Clarita, CA 91321

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    For Sale
    $5,750,000

    Mobile home park with apartments in Santa Clarita, California.

    Property Features for 24833 Railroad Ave

    General Information

    Standard status
    Active
    Zoning
    SCCC

    Building Details

    Year built
    1923

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    Listing Contact
    David Covarrubias
    Source: Crexi

    Listing Agency: Marcus & Millichap - Inland Empire Listing Agent: David Covarrubias

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Serenity Acres Mobile Home Park

    Serenity Acres Mobile Home Park, situated at 24833 Railroad Avenue in Santa Clarita, California, is available for acquisition. This all-age community is located on a 1.99-acre parcel. The property features 28 mobile home sites, including 8 tenant-owned homes and 20 park-owned homes, along with 6 single-story apartments. The apartments consist 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. Residents are directly billed for gas and electricity, while the owner covers water and trash expenses. The property is serviced by city water and sewer. The studio apartment may be non-conforming, and the buyer should verify this. The property benefits from its location in the Newhall submarket of Santa Clarita, offering connectivity via Interstate 5 and State Route 14, which provides access to the San Fernando Valley, Los Angeles, and the Antelope Valley. The Metrolink is located less than one mile away, enhancing commuter access. Newhall’s “Old Town” district, located one-half mile away, is an arts and entertainment hub with ongoing revitalization. The Santa Clarita Valley has an established employment base supported by Six Flags Magic Mountain, Henry Mayo Newhall Memorial Hospital, College of the Canyons, and Princess Cruises. The area also benefits from growth in aerospace and defense manufacturing. Within a five-mile radius, the median household income is near $143,723, and the population is approximately 182,599. Ongoing planning and infill development activity in and around Old Town Newhall reinforce the city’s commitment to walkability, Main Street activation, and additional housing delivery, supporting continued demand for affordable housing options within the submarket.
    Location Intelligence

    Current Use by Public Records

    Doctor Carpet Cleaning Carpet Cleaning Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clarita
    County
    Los Angeles
    State
    California
    Longitude
    -118.5329832
    Latitude
    34.3865224

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    FAQs

    What type of property is this?
    Mobile home & RV park - Mobile home park with apartments in Santa Clarita, California.
    Where is this mobile home & rv park located?
    The property is located at 24833 Railroad Ave Santa Clarita, CA.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: - High Income Potential: Boasting a current 7.27% cap rate & 7.66% cash on cash return.; - Diversified Income Stream: Property features 28 mobile home sites (8 tenant-owned, 20 park-owned) and 6 apartments.; - Prime Location: Situated in Santa Clarita's Newhall submarket with strong connectivity via I-5 and SR-14.
    (909) 456-3400
    Request Owner's contact information
    24833 Railroad Ave Santa Clarita, CA 91321
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    Santa Clarita, CA 91321
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24833 Railroad Ave Santa Clarita, CA 91321
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    We can help!
    Listing Contact
    David Covarrubias
    Real Estate License ID: 01941403
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