24377 Newhall Avenue, Santa Clarita, CA 91321

Santa Clarita
Local realty services provided by:ERA North Orange County Real Estate
24377 Newhall Avenue,Santa Clarita, CA 91321
$11,500,000
  • 66 Beds
  • 66 Baths
  • 36,908 sq. ft.
  • Multi-family
  • Active
Listed by: glen scher, filip niculete
Office: marcus & millichap818-212-2700
MLS#:26105263
Source:CRMLS

Price summary

  • Price:$11,500,000
  • Price per sq. ft.:$311.59

About this home

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...

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Home facts

  • Year built:1972
  • Listing ID #:26105263
  • Added:13 day(s) ago
  • Updated:November 12, 2026 at 01:08 PM

Rooms and interior

  • Bedrooms:66
  • Total bathrooms:66
  • Flooring:Carpet
  • Kitchen Description:Refrigerator
  • Living area:36,908 sq. ft.

Structure and exterior

  • Year built:1972
  • Building area:36,908 sq. ft.
  • Lot area:2.14 Acres
  • Lot Features:Landscaped
  • Construction Materials:Stucco
  • Levels:2 Story

Finances and disclosures

  • Price:$11,500,000
  • Price per sq. ft.:$311.59

Parking

  • Total parking spaces:62
  • Parking description:Carport, Uncovered
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