Newhall, CA 91321,24513 Walnut
Newhall, CA 91321,24513 Walnut
Newhall, CA 91321,24513 Walnut
9
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$1,249,000
Est. payment /mo
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5 Beds
3 Baths
9,382 Sqft Lot
Active

24513 Walnut Newhall, CA 91321

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Sim Ziff

Sim Ziff

+1(619) 861-8700

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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

24513-24519 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 qualifying projects, making this site especially attractive for by right or near by right development. The ability to build vertically in a well located urban setting allows for modern unit layouts, strong rental demand, and long term appreciation supported by Californias chronic housing shortage. Whether held as a cash flowing asset in the near term or repositioned into a next generation multifamily or condominium development, 24513-24519 Walnut Street offers developers a rare combination of zoning flexibility, regulatory tailwinds, and upside potential. This is the type of property that allows smart c

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

MLS Router / San Diego MLS
Listed by Kirk Schilling Rise Realty

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 14
  • 10

    Valencia Valley Elementary School

    Public | KG - 6

  • 9

    Meadows Elementary School

    Public | KG - 6

  • 7

    Peachland Avenue Elementary School

    Public | KG - 6

  • 7

    Newhall Elementary School

    Public | KG - 6

  • 7

    Dr. J. Michael Mcgrath Elementary School

    Public | KG - 6

  • 6

    Wiley Canyon Elementary School

    Public | KG - 6

  • 6

    Old Orchard Elementary School

    Public | KG - 6

  • 6

    Rio Vista Elementary School

    Public | KG - 6

  • 0

    Rise & Shine Preschool & Kindergarten

    Private | PK - KG

  • 0

    Pinecrest-Valencia School

    Private | PK - 5

  • 0

    Our Lady of Perpetual Help School

    Private | KG - 8

  • 0

    Town & Country Farm School

    Private | PK - KG

  • 0

    Mission View Public

    Public | KG - 12

  • 0

    Alpha-Kidz International

    Private | KG - 1

Middle Schools 3
  • 7

    Placerita Junior High School

    Public | 7 - 8

  • 6

    Learning Post High (Alternative)

    Public | 7 - 12

  • 0

    Sequoia Charter

    Public | 7 - 12

High Schools 6
  • 10

    Academy of the Canyons

    Public | 9 - 12

  • 9

    William S. Hart High School

    Public | 9 - 12

  • 8

    Golden Valley High School

    Public | 9 - 12

  • 0

    Transitional Learning Center Charter

    Public | 9 - 12

  • 0

    Bowman (Jereann) High (Continuation)

    Public | 9 - 12

  • 0

    Hart Regional Occupational Program

    Public | 9 - 12

School and business data provided by Attom Data.

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Sim Ziff

Sim Ziff

Agent | License ID: 01487128

+1(619) 861-8700

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