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    24881 Railroad Avenue

    Newhall, CA 91321
    • $3,275,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: SR20192990
    UPDATED: 32 min ago
    $3,275,000
    • 0
      BEDS
    • 0.62
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,967
      SQFT
    • $234
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1985
    County:

    School Ratings & Info

    Description

    Amazing opportunity to own the 18 unit office/retail Railroad Business Center in Santa Clarita. The property is spread across four separate buildings plus 4 garages and a very large storage unit. Good ROI at current rents. Lots of opportunity to increase performance of the building. Property setup nicely for various configurations of Owner-User if desired. Inquire for details. Parking in private lot and on street. Well-maintained property. Gentrification occurring in the area, Library, restaurants, bars, movie theater, boutique hotel. Proposed future development across the street. Great frontage on busy street. 30,000 estimated daily traffic count. Some data represented may not be accurate. Buyer to investigate to satisfy self.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T23:27:27.373. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.

    www.bobkellyteam.com/homes/110385600
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    24881 Railroad Avenue Newhall, CA 91321

    • Price: $3,275,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: SR20192990
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.62
    Acres
    13,967
    SQFT
    $234
    $/SQFT
    1985
    Built
    Neighborhood:
    NEW1 - Newhall 1
    County:
    Los Angeles
    Area:
    NEW1 - Newhall 1
    Property Description
    Amazing opportunity to own the 18 unit office/retail Railroad Business Center in Santa Clarita. The property is spread across four separate buildings plus 4 garages and a very large storage unit. Good ROI at current rents. Lots of opportunity to increase performance of the building. Property setup nicely for various configurations of Owner-User if desired. Inquire for details. Parking in private lot and on street. Well-maintained property. Gentrification occurring in the area, Library, restaurants, bars, movie theater, boutique hotel. Proposed future development across the street. Great frontage on busy street. 30,000 estimated daily traffic count. Some data represented may not be accurate. Buyer to investigate to satisfy self.
    Exterior Features

    Lot Features Level With Street Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Proforma Additional Parcels YN No Advertising Expense 0.00 Building Area Units Square Feet Building Expenses 0.00 Building Status Existing Cap Rate 6.11 Country Us Effective Gross 276139 Electric Expense 1300.00 Expense Year 2020 Gross Scheduled Income 290672.00 Insurance Expense 7854.00 Laundry Income 0.00 Laundry YN No Leasable Area Units Square Feet Legal Accounting Expense 0.00 Maintenance Expense 2500.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 200010.00 Operating Expense 76129.00 Other Expense 11000.00 Other Income1 0.00 Personal Property Amount 0 Professional Management Expense 6600.00 Property Sub Type Mixed Use Real Estate Tax Expense 42575.00 Reserves Expense 0.00 Resident Manager Expense 0.00 Retail Center Type Mixed Use Special Listing Conditions Standard Supplies Expense 700.00 Tax Annual Amount 42575.00 Tax Rate 1.30 Tax Year 2020 Total Expenses 76129.00 Trash Expense 2900.00 Utilities Electricity ConnectedSewer ConnectedWater Connected Vacancy Allowance 14533 Vacancy Allowance Rate 5.00 Water Sewer Expense 700.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Jordan Tanner of Realty Executives Homes


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T23:27:27.373. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.

     
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