This Multifamily Property is Off-Market.

24938 Walnut St.
Newhall, CA 91321 ·

48 Units · Multifamily For Sale

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Walnut Village

Price N/A Cap Rate 6.15%
No. Units 48 Gross Rent Multiplier 9.70
Building Size 46,809 SF No. Stories 2
Property Type Multifamily Lot Size 1.43 AC
Property Sub-type Garden/Low-Rise Parking Ratio 1.73 / 1,000 SF
Property Use Type Investment
Listing ID: 16813609 Date Created: 08/26/2010 Last Updated: 05/02/2011

Description

This 48-unit, two-story walk-up was built in two phases. The first phase consists of 16 three-bedroom units and was constructed in 1968; the second phase was constructed in 1986. The 45,900 square-foot building(s) sit on a 46,496 square-foot lot and consists of five buildings (including laundry facility) surrounding walkways and carports. It is individually metered for gas and electricity and all units have individual hot water heaters. The building offers tenants controlled access entry, laundry room, and secured parking for 83 cars (carports and tuck-under). Interiors include dishwashers (most units), ceiling fans, central HVAC, tile and wood floors (some units), and private balconies/patios. The property offers a unit mix of one single/one-bath unit, seven one-bedroom/one-bathroom units, 24 two-bedroom/one-and a-half-bathroom townhome units, eight three-bedroom/one-bath townhome units, and eight three-bedroom/one-and a-half-bathroom townhome units. The units are spacious and have great floor plans with over 80% being townhome-style.

The subject property is located on Walnut Street between 15th Street and 16th Street in Newhall in the heart of the Santa Clarita Valley, just minutes north of Los Angeles. Walnut Street is a north/south thoroughfare in Newhall, consisting of residential properties, condos, apartments, and single-family homes. It also benefits from being walking distance to recreational facilities at Newhall Memorial Park, William S. Hart High School, Newhall Elementary School, the Boys and Girls Club of Santa Clarita, and several churches. There is new kid' s equipment, baseball diamond, basketball courts, children' s play area, football field, indoor gym, soccer field, and tennis courts. The Emmaus Park trail head is also just east of the property which has biking/hiking trails. Offering additional recreation is the Santa Clarita Sports Complex and Aquatic Center. The sports complex houses an indoor gymnasium, racquetball courts, and skate-park while the three-acre aquatic center houses an Olympic-sized pool, mini-pool, and dive pool.

Highlights

  • Non Rent Controlled Property
  • 80% 2 & 3 Bedroom Townhomes
  • Turnkey Property on More Than One Acre
  • Located in One of the Top Five Fastest Growing Cities in the Nation
  • Walking Distance to Parks and Schools
  • Median Home Price in Santa Clarita Valley Currently #349,400

Research

24938 Walnut St., Newhall, CA 91321 (Los Angeles County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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