Log In/Sign Up
Your email has been sent.
24513 Walnut St 3 Unit Apartment Building $1,736,447 CAD ($578,816 CAD/Unit) 3.99% Cap Rate Santa Clarita, CA 91321
Investment Highlights
- SB-79 Property
- Great Infill Development Project In Growing City
- .4 Mile Walking Distance To Metro
Executive Summary
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
• 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
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$98,431
|
$41.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$98,431
|
$41.64
|
| Taxes |
$20,715
|
$8.76
|
| Operating Expenses |
$7,791
|
$3.30
|
| Total Expenses |
$28,506
|
$12.06
|
| Net Operating Income |
$69,925
|
$29.58
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $98,431 |
| Annual Per SF | $41.64 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $98,431 |
| Annual Per SF | $41.64 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,715 |
| Annual Per SF | $8.76 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,791 |
| Annual Per SF | $3.30 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,506 |
| Annual Per SF | $12.06 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $69,925 |
| Annual Per SF | $29.58 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,642 CAD | - |
| 2+1 | 2 | $5,283 CAD | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2831-005-003 | Total Assessment | $1,465,456 CAD |
| Land Assessment | $883,031 CAD | Annual Taxes | $20,715 CAD ($8.76 CAD/SF) |
| Improvements Assessment | $582,425 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
2831-005-003
Land Assessment
$883,031 CAD
Improvements Assessment
$582,425 CAD
Total Assessment
$1,465,456 CAD
Annual Taxes
$20,715 CAD ($8.76 CAD/SF)
Tax Year
2025
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
24513 Walnut St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.