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24806 Walnut St
Newhall, CA 91321
Santa Clarita Valley Portfolio · Multifamily Property For Sale
Investment Highlights
- Supply constrained submarket with strong rental demand
- Diverse unit-mix with gated parking on all properties
- Buy together or individually
- First time on the market since developed
- onsite laundry and central A/C
Executive Summary
The LAAA Team of Marcus & Millichap is pleased to present a three-property, 56-unit multifamily portfolio in the Santa Clarita Valley, two assets on Walnut Street in Santa Clarita and a 33-unit community on Ridge Route Road in Castaic. All three properties were developed and held by the same family since the 1970s and 1980s and come to market for the first time in nearly four decades, offered by the original owners' children. The result is what long-term stewardship typically produces: stable operating histories, established tenancies, and in-place rents that sit meaningfully below market.
The portfolio may be acquired in its entirety or on an individual-property basis. Call Logan Ward at 909-663-4689 for inquiries.
The portfolio totals 56 units at $13,425,000, a 5.44% blended cap rate, and is available together or on an individual basis. Contact Logan, Glen, or Filip for rent rolls, comparable sales, and due diligence materials on any of the three.
The portfolio may be acquired in its entirety or on an individual-property basis. Call Logan Ward at 909-663-4689 for inquiries.
The portfolio totals 56 units at $13,425,000, a 5.44% blended cap rate, and is available together or on an individual basis. Contact Logan, Glen, or Filip for rent rolls, comparable sales, and due diligence materials on any of the three.
Property Facts
| Price / SF | $248.66 / SF | Number of Properties | 4 |
| Cap Rate | 5.44% | Individually For Sale | 2 |
| Sale Type | Investment | Total Building Size | 53,990 SF |
| Status | Active | Total Land Area | 2.03 AC |
| Price / SF | $248.66 / SF |
| Cap Rate | 5.44% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 2 |
| Total Building Size | 53,990 SF |
| Total Land Area | 2.03 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Castaic Lake Apartments
31701 Ridge Route Rd, Castaic, CA 91384 |
Multifamily | 27,360 SF | 1988 | $7,500,000 |
| 24846 Walnut St, Newhall, CA 91321 | Multifamily | 17,388 SF | 1985 | $4,200,000 |
| 24806 Walnut St, Newhall, CA 91321 | Multifamily | 4,988 SF | 1978 | - |
| 24802 Walnut St, Newhall, CA 91321 | Multifamily | 4,254 SF | 1978 | - |
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