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24522 Chestnut
For Sale $3,125,000
$3,125,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 12,093 Sq Ft
Description
We are pleased to present the opportunity to acquire 24522 Chestnut St., a prime multifamily investment opportunity located in the heart of Newhall, just steps from Santa Clarita’s rapidly redeveloping Old Town Newhall District — one of the city's most vibrant and in-demand rental markets.
This well-maintained, eight-unit apartment building was constructed in 1979 and features spacious two-bedroom, one-bathroom units averaging approximately 1,091 square feet. Each unit offers a comfortable living space that appeals to long-term tenants seeking proximity to schools, shopping, dining, and entertainment in a central, walkable location.
Notably, the property is not subject to the Los Angeles Rent Stabilization Ordinance (RSO) due to its construction date and is instead governed by California’s AB 1482, which allows for more favorable annual rent increases compared to older, rent-controlled assets. Brokers and their agents provide no warranties or representations about the Property's condition, and both Buyer and Seller should rely on their own investigations.
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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 | $3,125,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 8 spots |
| Year Built | 1979 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 2831005034 |
| MLS # | BB25229225 |
| Property ID | 322265527 |
| Lot Sqft | 12,093 |
| Zoning | Unknown |
| Total Units | 8 |
| Days on Market | 240 |
| Original List Price | $3,500,000 |
| Date Updated | May 06, 2026 |
| Date Created | October 03, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $16,833 | $0 |
| Net Income (Yr) | $ 154,948 |
| Cap Rate | 4.96% |
Listing Provided By
Chris Habitz an agent of . Lic #01319877
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 06, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT