24833 Railroad - Manufactured Housing/Mobile Housing FOR SALE


Newhall, CA 91321
$6,050,000 USD
626-695-6776
24833 Railroad, Newhall, CA for Sale
$6,050,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | 6.78% Cap Rate

24833 Railroad
Newhall, CA 91321


HIGHLIGHTS

  • Excellent Location & Rare Opportunity to Purchase in the Santa Clarita Market
  • 6.78% Current Cap Rate & 6.45% Current Cash on Cash Return
  • Consists of 28 Mobile Home Sites & 6 Single Story Apartments
  • Gas & Electricity are Direct-Billed to Residents and Property on City Water & Sewer
  • Convenient Access to I-5 & SR-14, Strong Commuter Positioning
  • Metrolink Service & Newhall’s “Old Town” are Less Than One-Mile From Subject Property

OVERVIEW

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Serenity Acres Mobile Home Park located at 24833 Railroad Avenue Newhall, CA. This 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 6.78% cap rate. The residents are directly-billed for gas and electricity and the water and trash is 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 OldTown Newhall, including specific plan initiatives and mixed-use/housing proposals—reinforce 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

FOR SALE DETAILS

PRICE

$6,050,000 USD

PRICE/SF

$432 USD /SF

# OF UNITS

34

PRICE/UNIT

$177,941

CAP RATE

6.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Serenity Acres Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,816 SF

ZONING

SCCC

APN/PARCEL ID

2855-013-049

ASK ABOUT THIS PROPERTY

Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

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Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.