24513 Walnut, Newhall, CA 91321

Newhall
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
24513 Walnut,Newhall, CA 91321
$1,249,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kirk schilling
Office: rise realty
MLS#:OC26004115
Source:CAREIL

Price summary

  • Price:$1,249,000

About this home

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 California’s 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...

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Home facts

  • Year built:1954
  • Listing ID #:OC26004115
  • Added:117 day(s) ago
  • Updated:May 14, 2026 at 04:19 PM

Heating and cooling

  • Heating:No Heat

Structure and exterior

  • Year built:1954
  • Lot area:0.22 Acres
  • Lot Features:Mid Block

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,249,000
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