Back to Search
24513 Walnut
For Sale $1,249,000
$1,249,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 9,382 Sq Ft
Description
24513 to 24519 Walnut Street presents a rare infill development opportunity for builders and investors looking to maximize density and long term returns in one of California’s most supply constrained markets. The property is currently improved with a duplex and a detached unit, providing immediate income while positioning a developer to significantly increase value through redevelopment. The site offers a clear path to add 3 to 6 additional units, creating a meaningful lift in rental income and overall asset value.
The property allows for construction up to three stories, and when combined with SB 79 transit oriented allowances, it opens the door to a high efficiency apartment or condominium project with little to no parking requirements. This reduction in parking significantly lowers development costs while allowing for greater unit count, more rentable square footage, and improved overall project design. The result is a more efficient build, stronger cash flow potential, and a materially higher return on investment for developers who understand how to capitalize on the current regulatory environment.
Loading map...
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 | $1,249,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 3 spots |
| Year Built | 1954 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2831005003 |
| MLS # | OC26004115 |
| Property ID | 322509067 |
| Lot Sqft | 9,382 |
| Zoning | Unknown |
| Total Units | 3 |
| Days on Market | 214 |
| Original List Price | $1,249,000 |
| Date Updated | April 14, 2026 |
| Date Created | January 13, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $5,900 | $0 |
| Net Income (Yr) | $ 50,296 |
| Cap Rate | 3.99% |
Listing Provided By
Kirk Schilling an agent of . Lic #02000997
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of April 14, 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