Serenity Acres Mobile Home Park — Sale in Santa Clarita, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Santa Clarita, CA 91321
  • Year built: 1923

Investment Figures

Cap rate
7.27%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Serenity Acres Mobile Home Park located at 24833 Railroad Avenue Santa Clarita, CA. The 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 7.27% cap rate and a 7.66% cash on cash return. The residents are directly-billed for gas and electricity and the water and trash are 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 approximat

Market Context

This multifamily in Santa Clarita, CA is listed for sale. It is offered at an approximate 7.3% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1923. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Santa Clarita, CA — view the full market.

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