707-815-7472
24308 Walnut St, Newhall, CA for Sale
Apartments - FOR SALE
1/19
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24308 Walnut St
Newhall, CA 91321


OVERVIEW

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.

FOR SALE DETAILS

PRICE

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# OF UNITS

12

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

C1

APN/PARCEL ID

2831-012-039

ASK ABOUT THIS PROPERTY

John BoyettCBRE Boyett TeamMore Info
707-815-7472

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John BoyettCBRE Boyett TeamMore Info
707-815-7472

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.