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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.
Property Type(s):
Residential Income
| Last Updated | 10/29/2026 | Year Built | 1972 |
|---|---|---|---|
| Community | NEW1 - Newhall 1 | County | Los Angeles |
Additional Details
| APPLIANCES | Refrigerator |
|---|---|
| AREA | NEW1 - Newhall 1 |
| CONSTRUCTION | Stucco |
| LOT | 2.1385 acre(s) |
| LOT DESCRIPTION | Landscaped |
| LOT DIMENSIONS | 93152 |
| PARKING | Carport |
| POOL DESCRIPTION | None |
| STORIES | 2 |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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