24242 Pine Street, Newhall, CA 91321
Local realty services provided by:ERA Excel Realty
24242 Pine Street,Newhall, CA 91321
$799,000
- 3 Beds
- 2 Baths
- 1,346 sq. ft.
- Multi-family
- Active
Listed by: nathan paterson
Office: beverly and company, inc.
MLS#:25597163
Source:CRMLS
Price summary
- Price:$799,000
- Price per sq. ft.:$593.61
About this home
**INCOME PRODUCING DUPLEX DELIVERED VACANT**** Seller willing to offer a rate buy down and/or cover buyers closing costs based on offer price for qualified buyers. This Duplex features 1bed/1bath (downstairs) and 2bed/1bath (upstairs) all delivered vacant and ready to go for immediate leasing or owner-use flexibility. 2.75% ASSUMABLE LOAN available for owner occupants. Both units were upgraded in 2021 with two ductless heating and air-conditioning systems per unit, tankless water heaters, dual-pane windows, stainless steel appliances, wide-plank laminate flooring, and modern finishes. This property offers low maintenance, featuring new plumbing installed in 2025 and a roof with a remaining lifespan of over 15 years. This duplex offers a 6% cap rate with long-term rentals or 8% cap rate through short-term rentals. This property presents strong value-add potential with the ability to add two more units (1bed/1bath), converting it into a fourplex and boosting the cap rate to +10% (building plans available upon request). Minutes from the center of downtown Newhall and close to public transportation. Whether you're an investor or a homeowners interested in reducing their mortgage by renting out one unit, this duplex is a must-see! With no Mello-Roos and no HOA, you ll benefit from lower carrying costs. Ideal for investors, house-hackers, or a 1031 exchange, this is a great multi-unit in a fast-growing, highly walkable neighborhood.
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Home facts
- Year built:1958
- Listing ID #:25597163
- Added:49 day(s) ago
- Updated:November 15, 2025 at 03:20 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Living area:1,346 sq. ft.
Structure and exterior
- Year built:1958
- Building area:1,346 sq. ft.
- Lot area:0.07 Acres
Finances and disclosures
- Price:$799,000
- Price per sq. ft.:$593.61
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