24513 Walnut St - Apartments FOR SALE


Santa Clarita, CA 91321- Newhall
$1,249,000 USD
949-212-1346
24513 Walnut St, Santa Clarita, CA for Sale
$1,249,000 USD
Apartments - FOR SALE
1/9
null | 3.99% Cap Rate

24513 Walnut St
Santa Clarita, CA 91321
Newhall


HIGHLIGHTS

  • SB-79 Property
  • .4 Mile Walking Distance To Metro
  • Great Infill Development Project In Growing City

OVERVIEW

-24513-24519 Walnut Street presents a rare infill development opportunity for builders and investors seeking to maximize density and long term returns in a supply constrained California market. -Currently improved with a duplex and one single standing unit, the site offers immediate income while positioning a future developer to significantly enhance value through redevelopment. -The property allows for construction up to three stories, and when combined with SB 79 transit oriented allowances, a developer can pursue an exceptional apartment or condominium project with little to no parking requirements. This creates a meaningful cost savings while unlocking the ability to maximize rentable square footage, unit count, and overall project efficiency. Reduced parking obligations alone dramatically improve feasibility, design flexibility, and return on investment. -SB 79 further strengthens the opportunity by streamlining entitlement risk and limiting discretionary local barriers for qualifying projects, making this site especially attractive for by right or near by right development. The ability to build vertically in a well located urban setting allows for modern unit layouts, strong rental demand, and long term appreciation supported by California’s chronic housing shortage. -Whether held as a cash flowing asset in the near term or repositioned into a next generation multifamily or condominium development, 24513-24519 Walnut Street offers developers a rare combination of zoning flexibility, regulatory tailwinds, and upside potential. This is the type of property that allows smart capital to move quickly, reduce friction, and create lasting value.

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$528 USD /SF

# OF UNITS

3

PRICE/UNIT

$416,333

CAP RATE

3.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

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

Kirk SchillingRise RealtyMore Info
949-212-1346

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Kirk SchillingRise RealtyMore Info
949-212-1346

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