24513 Walnut, Newhall, CA 91321
24513 Walnut, Newhall, CA 91321
24513 Walnut, Newhall, CA 91321
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Margaret DeLao

Margaret DeLao

+1(858) 229-8016
$1,249,000
Est. payment /mo
5 Beds
3 Baths
9,382 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Custom Downtown Newhall (Cdnew)

MLS Listing ID OC26004115

Bedrooms 5

Lot Size 9,382 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

24513 to 24519 Walnut Street presents a rare infill development opportunity for builders and investors looking to maximize density and long term returns in one of Californias most supply constrained markets. The property is currently improved with a duplex and a detached unit, providing immediate income while positioning a developer to significantly increase value through redevelopment. The site offers a clear path to add 3 to 6 additional units, creating a meaningful lift in rental income and overall asset value. The property allows for construction up to three stories, and when combined with SB 79 transit oriented allowances, it opens the door to a high efficiency apartment or condominium project with little to no parking requirements. This reduction in parking significantly lowers development costs while allowing for greater unit count, more rentable square footage, and improved overall project design. The result is a more efficient build, stronger cash flow potential, and a materially higher return on investment for developers who understand how to capitalize on the current regulatory environment.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Middle property on corner of Walnut and Lyons Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 2831005003

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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MLS Router / San Diego MLS
Listed by Kirk Schilling, DRE#02000997 Rise Realty 

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Margaret DeLao

Margaret DeLao

+1(858) 229-8016

Realtor | License ID: 01377428

Realtor License ID: 01377428

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