diff --git a/packages/core/src/hydration/annotate.ts b/packages/core/src/hydration/annotate.ts
index bec64318f0a..5d390e304a4 100644
--- a/packages/core/src/hydration/annotate.ts
+++ b/packages/core/src/hydration/annotate.ts
@@ -393,9 +393,6 @@ function serializeLView(lView: LView, context: HydrationContext): SerializedView
   for (let i = HEADER_OFFSET; i < tView.bindingStartIndex; i++) {
     const tNode = tView.data[i] as TNode;
     const noOffsetIndex = i - HEADER_OFFSET;
-    if (nativeElementsToEventTypes) {
-      setJSActionAttribute(tNode, lView[i], nativeElementsToEventTypes);
-    }
 
     // Attempt to serialize any i18n data for the given slot. We do this first, as i18n
     // has its own process for serialization.
@@ -434,6 +431,13 @@ function serializeLView(lView: LView, context: HydrationContext): SerializedView
       appendDisconnectedNodeIndex(ngh, tNode);
       continue;
     }
+
+    if (nativeElementsToEventTypes) {
+      // Attach `jsaction` attribute to elements that have registered listeners,
+      // thus potentially having a need to do an event replay.
+      setJSActionAttribute(tNode, lView[i], nativeElementsToEventTypes);
+    }
+
     if (Array.isArray(tNode.projection)) {
       for (const projectionHeadTNode of tNode.projection) {
         // We may have `null`s in slots with no projected content.
diff --git a/packages/platform-server/test/event_replay_spec.ts b/packages/platform-server/test/event_replay_spec.ts
index ec657e82d50..1954b2358ff 100644
--- a/packages/platform-server/test/event_replay_spec.ts
+++ b/packages/platform-server/test/event_replay_spec.ts
@@ -103,6 +103,32 @@ describe('event replay', () => {
     }
   }
 
+  it('should work for elements with local refs', async () => {
+    const onClickSpy = jasmine.createSpy();
+
+    @Component({
+      selector: 'app',
+      standalone: true,
+      template: `
+        <button id="btn" (click)="onClick()" #localRef></button>
+      `,
+    })
+    class AppComponent {
+      onClick = onClickSpy;
+    }
+    const html = await ssr(AppComponent);
+    const ssrContents = getAppContents(html);
+    render(doc, ssrContents);
+    resetTViewsFor(AppComponent);
+    const btn = doc.getElementById('btn')!;
+    btn.click();
+    const appRef = await hydrate(doc, AppComponent, {
+      hydrationFeatures: [withEventReplay()],
+    });
+    appRef.tick();
+    expect(onClickSpy).toHaveBeenCalled();
+  });
+
   it('should route to the appropriate component with content projection', async () => {
     const outerOnClickSpy = jasmine.createSpy();
     const innerOnClickSpy = jasmine.createSpy();