24513 Walnut, Newhall, CA 91321
24513 Walnut, Newhall, CA 91321
24513 Walnut, Newhall, CA 91321
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Margaret DeLao

Margaret DeLao

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

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

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

Nearby Locations

GET MORE INFORMATION

Margaret DeLao

Margaret DeLao

+1(858) 229-8016

Realtor | License ID: 01377428

Realtor License ID: 01377428

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Margaret DeLao, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.