24802 Walnut Street, Santa Clarita, CA 91321
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
24802 Walnut Street,Santa Clarita, CA 91321
$1,725,000
- 8 Beds
- 8 Baths
- 5,842 sq. ft.
- Multi-family
- Active
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26866915
Source:CRMLS
Price summary
- Price:$1,725,000
- Price per sq. ft.:$295.28
About this home
On the market for the first time in nearly 40 years, this 7-unit residential community on Walnut Street represents a rare opportunity to acquire a well-established property in one of Northern Los Angeles County's fastest-growing and most well-planned communities. The property was built and owned by the same family since its development in 1978, and is now being offered by the original owner's children. Long-term family stewardship of this kind is increasingly rare in today's multifamily market, and the result is exactly what an experienced investor would hope to find: an asset with a stable operational history, an established tenant base, and rents that have drifted meaningfully below what the market will bear.The property sits on a 0.26-acre site totaling 5,842 rentable square feet and features a well-diversified unit mix including one-bedroom and two-bedroom floor plans as well as a studio that serves the broad spectrum of the Santa Clarita Valley renter market. In-place rents trail current market rates by a meaningful margin, and the path to stabilized performance is driven entirely by organic rent normalization as tenancy turns over naturally under new ownership.Located approximately 30 miles north of downtown Los Angeles along the I-5 and SR-14 corridors with convenient access to employment centers in Los Angeles, the San Fernando Valley, and surrounding counties Santa Clarita is known for its family-friendly neighborhoods, expansive open spaces, and strong local economy. The city offers a suburban lifestyle with modern amenities while maintaining close ties to the greater Los Angeles area, and is home to a wide range of parks, trails, and recreational facilities, including the extensive Santa Clarita Trail System. Seasonal festivals, farmers markets, and strong civic engagement give the city a welcoming, community-oriented character that continues to attract long-term residents and new arrivals alike. Walnut Street sits within this established residential core a corridor that has supported stable occupancy at this property for nearly half a century....
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Home facts
- Year built:1978
- Listing ID #:26866915
- Added:3 day(s) ago
- Updated:August 07, 2026 at 10:51 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Living area:5,842 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1978
- Building area:5,842 sq. ft.
- Lot area:0.26 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,725,000
- Price per sq. ft.:$295.28
Parking
- Total parking spaces:7
- Parking description:Carport, Uncovered
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