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  • 24513 Walnut Street

24513 Walnut Street, Santa Clarita, CA 91321

$1,095,000 Approx. USD 5 beds, 3 baths
2,364 sqft
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Photo of Anne Fitzgibbon

Anne Fitzgibbon REALTOR® - Sales Associate 323-469-9870 m
323-671-1237 o
Lic#: 00995175
NRDS ID: 175503628
AnneFitzgibbon@sbcglobal.net Text Me
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Lic#: 00995175
NRDS ID: 175503628
AnneFitzgibbon@sbcglobal.net Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
Phone: 310-777-7800
Fax: 310-858-1295
 Beverly Hills 131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
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Fax: 310-858-1295
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Listing Agent


Filip Niculete | info@laaa.com
Lic#: 01905352
Broker: Courtesy of Marcus & Millichap
Phone: 8182122748

Co Listing Agent


Glen Scher | glen.scher@marcusmillichap.com
Lic#: 01962976
Broker: Courtesy of Marcus & Millichap
Phone: 818-212-2808

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26871431
Price: $1,095,000
Beds: 5
Baths: 3
Built in 1954
2,364 sqft
1 story
0.22 acres
Lot size: 0.2154
County: Los Angeles
Zoning: SCSP
Parking description: None
MLS area: DNEW - Downtown Newhall

Last Updated: 8/13/2026

 Days On Market (DOM): 24

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This listing belongs to the DNEW - Downtown Newhall MLS area

Lat/Long: 34.381168, -118.531484.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Anne Fitzgibbon

Anne Fitzgibbon REALTOR® - Sales Associate 323-469-9870 m
323-671-1237 o
Lic#: 00995175
NRDS ID: 175503628
AnneFitzgibbon@sbcglobal.net Text Me
Call My Cell
Call My Office
Lic#: 00995175
NRDS ID: 175503628
AnneFitzgibbon@sbcglobal.net
Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
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