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Fatima Malik

fatima.malik@evrealestate.com +1(310) 968-2085

$ 4,200,000

Est. payment -/mo

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Active

24846 Walnut St Santa Clarita, CA 91321

25 Beds

24 Baths

15,656 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,656 sqft

Price per Sqft $268

MLS Listing ID 26867777

Bedrooms 25

Year Built 1985

Lot Size 0.546 Acres

Acres 0.5464

Property Sub-Type Multi-Family

Property Description

On the market for the first time in nearly 40 years, this 16-unit apartment community on Walnut Street represents a rare opportunity to acquire a well-establishedresidential asset in one of Northern Los Angeles County's fastest-growing and most well-planned communities. The property was built and owned by the same familysince its development in 1985, and is now being offered by the original owner's children. Long-term family stewardship of this kind is increasingly rare in today'smultifamily 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 0.55-acre site totaling 15,656 rentable square feet, with a unit mix weighted toward spacious one- and two-bedroom floor plans that average979 square feet well above the typical workforce apartment in this submarket. In-place rents trail current market rates by a meaningful margin across the majorityof the unit mix, and the path to stabilized performance is driven entirely by natural rent normalization as tenancy turns over 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.One of the largest and most dynamic cities in Southern California, it offers a suburban lifestyle with modern amenities while maintaining close ties to the greaterLos Angeles area. The city is home to a wide range of parks, trails, and recreational facilities, including the extensive Santa Clarita Trail System, as well as majorregional attractions like Six Flags Magic Mountain. Seasonal festivals, farmers markets, and a strong tradition of civic engagement give Santa Clarita a welcoming,community-oriented identity that continues to attract long-term residents and new arrivals alike. Walnut Street sits at the center of this established residential fabric a corridor that has supported stable occupancy at this property for four decades.

Location

State CA

County Los Angeles

Area Downtown Newhall

Zoning SCUR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Other

Exterior

Parking Features Covered Parking

Garage Spaces 22.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

NEARBY SCHOOLS & PROPERTIES

Fatima Malik

Broker Associate | License ID: 01950831

+1(310) 968-2085

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