23655 Newhall Ave Santa Clarita, CA 91321-3104
This exceptional owner-user/investment opportunity presents a 100% fee simple interest in an 8,115-square-foot, multi-tenant retail/office center. The two-story building, constructed in 1971, sits on a roughly 28,089-square-foot lot zoned SCMX-C in Santa Clarita, CA (buyer to verify). The property features five units ranging from 1,200 to 2,025 square feet, currently 77% occupied. Unit E, a 1,890-square-foot space on the second floor, is ideal for owner-occupancy. The efficient unit sizes promote high occupancy and minimize lease-up costs. Located on Newhall Avenue, this property boasts excellent street visibility and high traffic counts. Its prime location is adjacent to Old Town Newhall, The Center at Needham Ranch, Dockweiler 21, and Building Hope, surrounded by residential areas and within minutes of Valencia Town Center amenities. The asking price is $2,300,000. The property includes front and rear parking areas. This presents a strong investment opportunity due to its established tenants, prominent location, and potential for redevelopment. The property's address is 23655 Newhall Ave, Santa Clarita, CA 91321, APN 2827-004-017.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SCMX-C · Santa Clarita, CACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.