23217 Sierra Hwy Santa Clarita, CA 91321
This exceptional development opportunity presents a fully entitled 83-unit (+/-) assisted living facility totaling 61,736 square feet on a 4-acre parcel in Santa Clarita, CA. Located at 23217 Sierra Hwy, 91321, this prime property boasts a proposed mix of studio, one-, and two-bedroom units, including 29 memory care units with a private secured courtyard. The site plan includes excellent on-site amenities. The property is zoned MXC (tenant to verify) and enjoys a scenic setting near hiking trails, offering convenient access to major freeways (SR-14, SR-126, and I-5). Its strategic location near Valencia Town Center, downtown Newhall, Disney Ranch, Six Flags Magic Mountain, golf courses, and numerous parks makes it highly desirable. The asking price is $3,950,000, translating to $63.98 per square foot. The APN is 2827-005-048. This represents a significant opportunity for investors seeking a high-demand senior living development in a thriving Los Angeles County community. The property's fully entitled status streamlines the development process, minimizing potential delays and maximizing return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.