24513 Walnut St - Apartments FOR SALE


Santa Clarita, CA 91321- Newhall
$1,195,000 USD
818-203-5429
24513 Walnut St, Santa Clarita, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

24513 Walnut St
Santa Clarita, CA 91321
Newhall


HIGHLIGHTS

  • Single-Family Home & Duplex with Three Income-Producing Units, the Site Offers Immediate Cash Flow, while you Design & Entitle your Future Project
  • Excellent Investment / Redevelopment Opportunity in Prestigious Downtown Newhall Location
  • Redevelopment Opportunity | Potential Uses include Multifamily, Commercial, Office, or Mixed-Use (Buyer to Verify)
  • Located in the Old Town Newhall Specific Plan | Lyons Ave Adjacent
  • Walking Distance to Main Street Amenities, Including Restaurants, Coffee Shops, Hotels, Entertainment, Laemmle Theater, The main & City Library
  • Easy access to Public Transportation and Freeway Onramps

OVERVIEW

This rare gem is a standout in the heart of the highly sought-after Downtown Newhall! Set on a generous 9,390 square foot lot, this property boasts both a charming single-family home and a duplex, offering endless possibilities for savvy investors or those seeking an owner-occupied income-generating opportunity. Located just steps away from trendy restaurants, boutique shopping, top-tier hotels, and state-of-the-art fitness centers, this property offers unbeatable convenience and access. With seamless connections to the 5 & 14 freeways, you'll be perfectly positioned for all that this vibrant area has to offer. Nestled within the Old Town Newhall Corridor Zone and zoned SCSP, this property is primed for maximum return on investment, especially with current rents well below market value. Whether you’re looking to live in one unit while collecting rental income from the others or want to capitalize on the area's explosive growth with a pure investment, the potential here is undeniable. The lot spans three addresses — 24513, 24515, and 24519 — and currently houses three long-term tenants, making this an income-producing opportunity from day one. Don’t miss your chance to secure a foothold in one of Newhall’s hottest locations. Incredible Development Opportunity in Downtown Newhall! Unlock the full potential of this prime property, being sold as a highly profitable development opportunity. Imagine constructing a vibrant Mixed-Use Structure—with residential spaces and business units—right in the heart of the famed Downtown Newhall. This location offers unbeatable access to trendy restaurants, shopping, hotels, and fitness centers, all while being conveniently connected to freeways 5 & 14. Situated within the Old Town Newhall Corridor Zone and zoned SCSP, this property is primed for maximum return, with a rare 0’ rear setback allowing you to fully maximize the lot’s size. Whether you're envisioning high-end apartments, trendy retail spaces, or a combination of both, this is your chance to capitalize on the area’s growth and demand. The lot includes addresses 24513, 24515, and 24519, and currently houses 3 long-term tenants. This generates a steady stream of income while you plan your next big move. Don’t miss out on this exceptional investment in one of Newhall’s hottest locations!

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$505 USD /SF

# OF UNITS

3

PRICE/UNIT

$398,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Investment/ Redevelopment Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,390 SF

ZONING

Corridor Zone

APN/PARCEL ID

2831-005-003

ASK ABOUT THIS PROPERTY

Yair HaimoffSpectrum Commercial Real Estate, Inc.More Info
818-203-5429

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Yair HaimoffSpectrum Commercial Real Estate, Inc.More Info
818-203-5429

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