Property Detail

24377 Newhall

Santa Clarita CA 91321

$11,500,000

Status: Active

Property Details

Description

We are proud to present Newhall Terrace, 24377 Newhall Avenue, a 66-unit apartment community on a 2.14-acre parcel in the Old Town Newhall neighborhood of Santa Clarita, APN 2830-017-015. Built in 1972, the property is one connected two-story building of 36,908 square feet arranged around two landscaped courtyards, with a lobby entry on Newhall Avenue, 62 parking spaces including carports, and on-site laundry. Every unit is a one-bedroom, one-bath apartment. The offering price is $11,500,000, or $174,242 per unit. The same family has owned the property since 2006. On the December 2026 rent roll, as adjusted in the offering memorandum, the 61 occupied units are scheduled at $102,899 a month against $115,900 at the $1,900 market rent, 13% of upside on the occupied units alone. Two units already rent above $1,900. Water, sewer and trash recovery is upside a new owner can add: the pro forma carries it at $75 per unit per month, about $59,400 a year. Santa Clarita has no local rent stabilization or just cause ordinance, so tenancies follow the statewide rent cap (AB 1482): annual increases of 5% plus inflation, never more than 10%, and vacant units reset to market. Newhall Terrace offers 66 units of scale on land in a walkable town center, with upside on both lines: higher rents as units turn over to the $1,900 market rent, and lower net utility costs once water, sewer and trash are billed back. The property sits on Newhall Avenue at the edge of Old Town Newhall, the historic downtown of the City of Santa Clarita. Main Street's restaurants and shops and the Old Town Newhall Library are 0.25 miles away, and the Newhall Metrolink station is a nine-minute walk, with Antelope Valley Line trains to Los Angeles Union Station. Grocery Outlet is 0.43 miles away and ALDI 0.52 miles. Walk Score rates the address 92, Walker's Paradise. Henry Mayo Newhall Hospital is an eight-minute drive at the morning commute and College of the Canyons ten minutes, with Westfield Valencia Town Center 3.04 miles away. William S. Hart Park is 0.41 miles from the property, and Interstate 5 and State Route 14 are minutes away for commutes to the San Fernando Valley and Los Angeles. The parcel is a Highest Resource tract on California's 2026 AFFH map, in a 2026 HUD Difficult Development Area.

Map Location

Listing provided courtesy of Glen Scher of Marcus & Millichap. Last updated 2026-11-02 09:10:58.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

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Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

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