24513 Walnut, Newhall, CA 91321

Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
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

24513-24519 Walnut Street presents a rare infill development opportunity for builders and investors seeking to maximize density and long term returns in a supply constrained California market. Currently improved with a duplex and one single standing unit, the site offers immediate income while positioning a future developer to significantly enhance value through redevelopment. The property allows for construction up to three stories, and when combined with SB 79 transit oriented allowances, a developer can pursue an exceptional apartment or condominium project with little to no parking requirements. This creates a meaningful cost savings while unlocking the ability to maximize rentable square footage, unit count, and overall project efficiency. Reduced parking obligations alone dramatically improve feasibility, design flexibility, and return on investment. SB 79 further strengthens the opportunity by streamlining entitlement risk and limiting discretionary local barriers for

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Home facts

  • Year built:1954
  • Listing ID #:OC26004115
  • Added:1 day(s) ago
  • Updated:January 16, 2026 at 06:03 PM

Heating and cooling

  • Heating:No Heat

Structure and exterior

  • Year built:1954
  • Lot area:0.22 Acres

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,249,000
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