24308 Walnut Street — Santa Clarita (Newhall) — 12 Units | Built 1984
24308 Walnut Street is a boutique 12-unit community positioned on an 18,237 SF lot in Santa Clarita’s Newhall submarket, an amenity-rich corridor known for its revitalized Main Street, strong local identity, and convenient access to retail, dining, and transportation. The property offers a desirable mix of one- and two-bedroom units, appealing to renters seeking well-located housing near the area’s historic and cultural anchors.
Residents enjoy a community pool and garage parking with supplemental income, while RUBS participation enhances operational efficiency and supports strong expense recovery. Current rents reflect approximately 9% rental upside, creating an attractive path for revenue growth via thoughtful turnover and targeted improvements. As a 1984 construction, the asset is exempt from the Los Angeles RSO and operates under AB 1482 (5% + CPI), supporting predictable annual rent growth.
With its clean presentation, income-generating parking, and highly walkable Newhall positioning near parks, shops, and key arterials, 24308 Walnut Street stands as a compelling, low-density investment opportunity within the broader Santa Clarita market.