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$ 4,200,000
Est. payment /mo
New
24846 Walnut ST Santa Clarita, CA 91321
25 Beds
24 Baths
15,656 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 15,656 sqft
Price per Sqft $268
MLS Listing ID 26867777
Bedrooms 25
HOA Y/N No
Year Built 1985
Lot Size 0.546 Acres
Property Description
On the market for the first time in nearly 40 years, this 16-unit apartment community on Walnut Street represents a rare opportunity to acquire a well-establishedresidential asset in one of Northern Los Angeles County's fastest-growing and most well-planned communities. The property was built and owned by the same familysince its development in 1985, and is now being offered by the original owner's children. Long-term family stewardship of this kind is increasingly rare in today'smultifamily market, and the result is exactly what an experienced investor would hope to find: an asset with a stable operational history, an established tenant base,and rents that have drifted meaningfully below what the market will bear.The property sits on a 0.55-acre site totaling 15,656 rentable square feet, with a unit mix weighted toward spacious one- and two-bedroom floor plans that average979 square feet well above the typical workforce apartment in this submarket. In-place rents trail current market rates by a meaningful margin across the majorityof the unit mix, and the path to stabilized performance is driven entirely by natural rent normalization as tenancy turns over under new ownership.Located approximately 30 miles north of downtown Los Angeles along the I-5 and SR-14 corridors with convenient access to employment centers in Los Angeles,the San Fernando Valley, and surrounding counties Santa Clarita is known for its family-friendly neighborhoods, expansive open spaces, and strong local economy.One of the largest and most dynamic cities in Southern California, it offers a suburban lifestyle with modern amenities while maintaining close ties to the greaterLos Angeles area. The city is home to a wide range of parks, trails, and recreational facilities, including the extensive Santa Clarita Trail System, as well as majorregional attractions like Six Flags Magic Mountain. Seasonal festivals, farmers markets, and a strong tradition of civic engagement give Santa Clarita a welcoming,community-oriented identity that continues to attract long-term residents and new arrivals alike. Walnut Street sits at the center of this established residential fabric a corridor that has supported stable occupancy at this property for four decades.
Location
State CA
County Los Angeles
Area Dnew - Downtown Newhall
Zoning SCUR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 22
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2855013055
Special Listing Condition Standard
Listed by Filip Niculete Marcus & Millichap #01905352
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