In 2021, CGI+ acquired a 144-unit, 6 property community in the Newhall neighborhood of Santa Clarita, California for $30,800,000. The six property portfolio totals over 111K SF of gross building square footage and the buildings were built between the years 1939-1983. The renovations planned at the time of purchase were completed in 2021.
The Canyons is in the Newhall area of Santa Clarita, CA, which is the third-largest city in Los Angeles County. Santa Clarita is an affluent suburban community comprised mainly of residential neighborhoods, and the Newhall area of Santa Clarita is a diverse, trendy and historic community surrounded by countless amenities, including a premier lifestyle shopping center, restaurants, and numerous other entertainment options. The Canyons is a short distance away from a Los Angeles Metrolink Train station that connects Santa Clarita to Burbank and Downtown Los Angeles, an amenity that allows residents unparalleled access to the greater Los Angeles region.
|Property Address:||24817 Walnut St, Santa Clarita, CA|
|Acquisition Date:||February 2021|
|Investment Type:||Residential Value-Add|