Investment Overview

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.

Transaction Details

Property Address: 24817 Walnut St, Santa Clarita, CA
Acquisition Date: February 2021
Investment Type: Residential Value-Add
Asset Type: Mixed-use

Size:

144 Units