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24851 Walnut St
Newhall, CA 91321
Multifamily Property For Sale
·
33 Units
Executive Summary
24851 Walnut Street — Santa Clarita (Newhall) — 33 Units | Built 1977
24851 Walnut Street is a well-maintained 33-unit community on a 48,579 SF lot in Santa Clarita’s Newhall submarket, steps from the amenities of Old Town Newhall and minutes to Lyons Avenue’s retail and services. The property features a diverse mix of one, two, and three-bedroom floor plans, appealing to a broad renter base and supporting efficient leasing.
Residents enjoy a community swimming pool, on-site laundry, and gated parking with supplemental income, while RUBS participation enhances expense recovery and operational efficiency. Current rents reflect approximately 12% rental upside, creating a clear path to revenue growth through standard turnover and targeted in-unit improvements. As a 1977 construction, the asset is exempt from the Los Angeles RSO and operates under AB 1482 (5% + CPI), supporting predictable annual rent growth.
With its central Newhall location, clean operations, and measurable upside, 24851 Walnut Street offers investors an attractive, low-density opportunity within the broader Santa Clarita market.
24851 Walnut Street is a well-maintained 33-unit community on a 48,579 SF lot in Santa Clarita’s Newhall submarket, steps from the amenities of Old Town Newhall and minutes to Lyons Avenue’s retail and services. The property features a diverse mix of one, two, and three-bedroom floor plans, appealing to a broad renter base and supporting efficient leasing.
Residents enjoy a community swimming pool, on-site laundry, and gated parking with supplemental income, while RUBS participation enhances expense recovery and operational efficiency. Current rents reflect approximately 12% rental upside, creating a clear path to revenue growth through standard turnover and targeted in-unit improvements. As a 1977 construction, the asset is exempt from the Los Angeles RSO and operates under AB 1482 (5% + CPI), supporting predictable annual rent growth.
With its central Newhall location, clean operations, and measurable upside, 24851 Walnut Street offers investors an attractive, low-density opportunity within the broader Santa Clarita market.
Property Facts
| Sale Type | Investment | Lot Size | 1.11 AC |
| No. Units | 33 | Building Size | 56,254 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1977 |
| Apartment Style | Low-Rise | Parking Ratio | 1.07/1,000 SF |
| Building Class | C | ||
| Zoning | R3 | ||
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.11 AC |
| Building Size | 56,254 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 650 |
| 2+2 | 24 | - | 900 |
| 3+3 | 1 | - | 1,275 |
Property Taxes
| Parcel Number | 2855-015-011 | Improvements Assessment | $2,002,607 CAD |
| Land Assessment | $321,402 CAD | Total Assessment | $2,324,009 CAD |
Property Taxes
Parcel Number
2855-015-011
Land Assessment
$321,402 CAD
Improvements Assessment
$2,002,607 CAD
Total Assessment
$2,324,009 CAD
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