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$ 1,095,000
Est. payment | /mo
5 Beds
3 Baths
2,364 SqFt
$ 1,095,000
Est. payment | /mo
5 Beds
3 Baths
2,364 SqFt
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
Listed by Filip Niculete Marcus & Millichap #01905352
Nearby Locations
Moises Salais
Real Estate Broker/Owner | License ID: 01997843
+1(818) 430-2878 | moises@dreambigrealty.com