24513 Walnut Newhall, CA 91321
9,382 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Custom Downtown Newhall (Cdnew)
MLS Listing ID OC26004115
HOA Y/N No
Year Built 1954
Lot Size 9,382 Sqft
Property Sub-Type Triplex
Property Description
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 California's 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 capital to move quickly, reduce friction, and create lasting value.
Location
State CA
County Los Angeles
Area Dnew - Downtown Newhall
Interior
Interior Features All Bedrooms Down
Heating None
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks, Urban
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2831005003
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
