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Property profile & analytics
OFF-MARKET
Estimated value
$22,810,000
Apartment buildings
23635 Newhall Ave Santa Clarita, CA 91321-4623
Entity Owned
6-yr Hold
Free & Clear
Property ID
US09-6426695
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1992
Construction
WOOD
Total area
137,361 SF
Lot
7.38 ac (321,606 SF)
Zoning code
SCUR3
APN
2827-004-028
UPID
US09-6426695
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.81M
Owner & transaction history
B9 Mf 23639 Newhall LLC · 6 yrs held
B9 Mf 23639 Newhall LLC
since 2019
7 recorded transactions
Zoning & alternative use
SCUR3 · Santa Clarita, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Clarita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Clarita submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$27,845,000
Current use
Blend value · Realmo final
$22.81M
Range $20.53M – $25.09M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$166 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$722,866
Tax year 2024
Assessed value
$53,013,973
Assessed 2024
Previous assessed
$53,013,973
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$11,901,441
Assessed improvement
$41,112,532
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
158
Bathrooms
99
Total area
137,361 SF
Lot
7.38 ac (321,606 SF)
Zoning code
SCUR3
APN
2827-004-028
UPID
US09-6426695
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SCUR3 · Santa Clarita, CA
Zoning SCUR3 · permitted uses
SCUR3 · Santa Clarita, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Clarita. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$27.8M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
158
Bathrooms
99
Lot
7.38 ac
Current owner
From public records · entity-resolved
B9 Mf 23639 Newhall LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
—
Samer Khalifeh
—
Deed
related
$932,000 · Flexpoint INC
Nov 4, 2024
—
B9 Mf 23639 Newball LLC
—
Deed
related
—
Nov 13, 2019
—
B9 Mf 23639 Newhall LLC
—
Deed
related
—
Sep 6, 2019
$50,396,000
B9 Mf 23639 Newhall LLC
Canyon Crest Fee Owner LLC
Grant Deed
—
Jan 20, 2015
$32,125,000
Canyon Crest Fee Owner LLC
Santa Clarita Canyon Crest LLC
Grant Deed
$354,000,000 · Berkeley Point Cap
Jul 13, 2009
—
Santa Clarita Canyon Crest LLC
Erp Operating Limited Partnership
Grant Deed
$18,302 · Amerisphere Multifamily Finance LLC
May 27, 1999
$10,530,500
Erp Operating Limited Ptnshp
—
Grant Deed
related
—
—
—
B9 Mf 23639 Newhall LLC
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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