24513 Walnut Street, Santa Clarita, CA 91321
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
24513 Walnut Street,Santa Clarita, CA 91321
$1,095,000
- 5 Beds
- 3 Baths
- 2,364 sq. ft.
- Multi-family
- Active
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26871431
Source:CRMLS
Price summary
- Price:$1,095,000
- Price per sq. ft.:$463.2
About this home
We are proud to present 24513, 24515 and 24519 Walnut Street. a fully occupied three unit residential investment located in Old Town Newhall within the City or Santa Clarita. Built in 1954, the property contains approximately 2,364 square feet of improvements on a 9,379-square-foot lot. The unit mix consists of one 1-bedroom/1-bathroom residence with a detached one-car garage and two 2-bedroom/1-bathroom residences with attached one-car garage . Each residence is approximately 788 square feet and provides a separate income stream on one parcel. Current rents total $5,900 per month, or $70,800 annually. Broker-selected potential rents total $6,785 per month, or $81,420 annually, representing approximately 15.0% gross rent upside. At the $1.095,000 offering price, estimated current and pro forma net operating income are $47.203 and $57,823, corresponding to cap rates of 4.31% and 5.28%, respectively. The property is not subject to a local Santa Clarita rent stabilization ordinance. California's statewide AB 1482 rent-cap and just-cause requirements apply. The property also offers additional value-add and long-term site options. lts three garages, rear alley access and OTNSP-COR zoning support independent study of potential garage conversions, detached ADU construction and future redevelopment. Any additional development remains subject to site planning, tenant considerations, utility capacity, applicable law and City review. The combination or occupied income, measurable rent growth, Old Town Newhall access and longer-term site flexibility makes the offering well suited for small-property investors, 1031 exchange buyers and long-term holders....
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Home facts
- Year built:1954
- Listing ID #:26871431
- Added:2 day(s) ago
- Updated:August 14, 2026 at 11:19 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Living area:2,364 sq. ft.
Structure and exterior
- Year built:1954
- Building area:2,364 sq. ft.
- Lot area:0.22 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,095,000
- Price per sq. ft.:$463.2
Parking
- Total parking spaces:3
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