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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,249,000

Est. payment - /mo

9,382 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Custom Downtown Newhall (Cdnew)

MLS Listing ID OC26004115

HOA Y/N No

Year Built 1954

Lot Size 9,382 Sqft

Property Sub-Type Triplex

Property 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.

Location

State CA

County Los Angeles

Area Dnew - Downtown Newhall

Interior

Interior Features All Bedrooms Down

Heating None

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Storm Drain(s), Street Lights, Sidewalks, Urban

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2831005003

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Kirk Schilling Rise Realty 949-212-1346, DRE #02000997

NEARBY SCHOOL & BUSINESS

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24513 Walnut Newhall, CA 91321