Upside in rents. Santa Clarita has no rent control. Priced at $247,059/unit; 11.4 x gross and 5.3% cap with existing rents; 10.7 x gross and 5.8% cap with rents at market. Amenities include pool, central A/C, hardwood-style flooring, dishwashers, microwaves, washer/dryer in building, gated entry, intercom system, quartz stone counter tops in some units. Near Westfield Valencia Town Center, Magic Mountain, Hurricane Harbor. Seller prefers to sell together with 6-additional nearby properties as a portfolio. Additional properties are in MLS.
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