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24513 Walnut St
For Sale $1,095,000 ($463.20 per Sq Ft)
$1,095,000 ($463.20 per Sq Ft)
- 5 Bedrooms
- 3.00 Bathrooms
- 2,364 Sq Ft
- 9,382 Sq Ft
Description
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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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,095,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 2,364 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1954 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2831005003 |
| MLS # | 26871431 |
| Property ID | 292266901 |
| Lot Sqft | 9,382 |
| Zoning | SCSP |
| Total Units | 3 |
| Days on Market | 25 |
| Original List Price | $1,095,000 |
| Date Updated | August 12, 2026 |
| Date Created | July 21, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $2,100 | $2,195 |
| Unit #2 | 2 | 1.00 | $1,900 | $4,590 |
| Gross Income (Yr) | $ 70,800 |
| Operating Expenses | $ 23,597 |
| Net Income (Yr) | $ 47,203 |
Listing Provided By
Filip Niculete an agent of Marcus & Millichap. Lic #01905352
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