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24308 Walnut St
Newhall, CA 91321
Multifamily Property For Sale
·
12 Units
Executive Summary
24308 Walnut Street — Santa Clarita (Newhall) — 12 Units | Built 1984
24308 Walnut Street is a boutique 12-unit community positioned on an 18,237 SF lot in Santa Clarita’s Newhall submarket, an amenity-rich corridor known for its revitalized Main Street, strong local identity, and convenient access to retail, dining, and transportation. The property offers a desirable mix of one- and two-bedroom units, appealing to renters seeking well-located housing near the area’s historic and cultural anchors.
Residents enjoy a community pool and garage parking with supplemental income, while RUBS participation enhances operational efficiency and supports strong expense recovery. Current rents reflect approximately 9% rental upside, creating an attractive path for revenue growth via thoughtful turnover and targeted improvements. As a 1984 construction, the asset is exempt from the Los Angeles RSO and operates under AB 1482 (5% + CPI), supporting predictable annual rent growth.
With its clean presentation, income-generating parking, and highly walkable Newhall positioning near parks, shops, and key arterials, 24308 Walnut Street stands as a compelling, low-density investment opportunity within the broader Santa Clarita market.
24308 Walnut Street is a boutique 12-unit community positioned on an 18,237 SF lot in Santa Clarita’s Newhall submarket, an amenity-rich corridor known for its revitalized Main Street, strong local identity, and convenient access to retail, dining, and transportation. The property offers a desirable mix of one- and two-bedroom units, appealing to renters seeking well-located housing near the area’s historic and cultural anchors.
Residents enjoy a community pool and garage parking with supplemental income, while RUBS participation enhances operational efficiency and supports strong expense recovery. Current rents reflect approximately 9% rental upside, creating an attractive path for revenue growth via thoughtful turnover and targeted improvements. As a 1984 construction, the asset is exempt from the Los Angeles RSO and operates under AB 1482 (5% + CPI), supporting predictable annual rent growth.
With its clean presentation, income-generating parking, and highly walkable Newhall positioning near parks, shops, and key arterials, 24308 Walnut Street stands as a compelling, low-density investment opportunity within the broader Santa Clarita market.
Property Facts
| Sale Type | Investment | Lot Size | 0.42 AC |
| No. Units | 12 | Building Size | 9,362 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1984 |
| Apartment Style | Low-Rise | Parking Ratio | 1.28/1,000 SF |
| Building Class | C | ||
| Zoning | C1 | ||
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 9,362 SF |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | C1 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Pool
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 708 |
| 2+1 | 4 | - | 987 |
Property Taxes
| Parcel Number | 2831-012-039 | Improvements Assessment | $1,064,387 |
| Land Assessment | $98,157 | Total Assessment | $1,162,544 |
Property Taxes
Parcel Number
2831-012-039
Land Assessment
$98,157
Improvements Assessment
$1,064,387
Total Assessment
$1,162,544
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