24513–24519 Walnut Street | Prime Multifamily Development Opportunity • Rare infill opportunity in Southern California with significant upside through redevelopment and rent growth • Currently improved with a duplex and one detached unit, providing immediate income while planning future development • Clear value-add potential with ability to add 4 to 5 additional units or build vertically to maximize density • Zoning allows up to three stories, creating a path for a higher-density apartment or condominium project • SB 79 enables transit-oriented development with little to no parking requirements, reducing costs and increasing buildable area • Reduced parking requirements significantly improve project feasibility, design flexibility, and overall returns • Streamlined entitlement process under SB 79 limits local barriers, allowing for by-right or near by-right development • Strong rental demand driven by supply constraints supports long-term appreciation and stabilized income growth • Flexibility to operate as a cash-flowing asset short term or reposition into a high-yield multifamily development • Ideal for builders and investors looking to move quickly, minimize friction, and capitalize on California’s housing shortage