24513 Walnut ST, Santa Clarita, CA 91321
24513 Walnut ST, Santa Clarita, CA 91321
24513 Walnut ST, Santa Clarita, CA 91321
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,095,000
Est. payment /mo
5 Beds
3 Baths
2,364 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,364 sqft

Price per Sqft $463

MLS Listing ID 26871431

Bedrooms 5

HOA Y/N No

Year Built 1954

Lot Size 9,382 Sqft

Property 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.

Location

State CA

County Los Angeles

Area Dnew - Downtown Newhall

Zoning SCSP

Interior

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 3

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 2831005003

Special Listing Condition Standard

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Listed by Filip Niculete Marcus & Millichap #01905352

NEARBY SCHOOL & BUSINESS

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