24377 Newhall Ave, Santa Clarita, CA 91321
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24377 Newhall Ave, Santa Clarita, CA 91321
24377 Newhall Ave, Santa Clarita, CA 91321
24377 Newhall Ave, Santa Clarita, CA 91321
24377 Newhall Ave, Santa Clarita, CA 91321
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Sharon Baluku

Sharon Baluku

+1(323) 381-0266
$ 11,500,000
Est. payment /mo
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24377 Newhall Ave Santa Clarita, CA 91321

66 Beds

66 Baths

36,908 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 36,908 sqft

Price per Sqft $311

MLS Listing ID 26105263

Bedrooms 66

Year Built 1972

Lot Size 2.138 Acres

Acres 2.1385

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Newhall 1

Zoning SCSP

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling Wall Unit(s)

Flooring Carpet, Vinyl Plank

Equipment Range/Oven, Refrigerator

Laundry Community

Exterior

Parking Features Carport, Uncovered

Garage Spaces 62.0

Pool None

Roof Type Flat

Building

Lot Description Landscaped, Single Lot

Story 2

Level or Stories Two

Structure Type Stucco

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap
Sharon Baluku
Sharon Baluku

Agent License ID: 02203810

+1(323) 381-0266 | sharon@omwoyo.com

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24377 Newhall Ave