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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.
Property Type(s):
Residential Income
| Last Updated | 8/12/2026 | Year Built | 1954 |
|---|---|---|---|
| Community | DNEW - Downtown Newhall | County | Los Angeles |
Additional Details
| AREA | DNEW - Downtown Newhall |
|---|---|
| LOT | 9383 sq ft |
| LOT DIMENSIONS | 9382 |
| PARKING | None |
| STORIES | 1 |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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