Homes for sale - 24513 Walnut, Newhall, CA 91321

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Kirk Schilling • Rise Realty

$1,249,000

Est. payment - /mo

9,382 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC26004115

Year Built 1954

Lot Size 9,382 Sqft

Property Sub-Type Triplex

Source California Regional MLS

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 California's chronic housing shortage. W

Location

State CA

County Los Angeles

Area Dnew - Downtown Newhall

Interior

Heating No Heating

Cooling None

Laundry None

Exterior

Garage Spaces 3.0

Pool None

Building

Water District - Public

Others

Tax ID 2831005003

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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24513 Walnut Newhall, CA 91321

JLee Broker

Key Details

Location

Interior

Exterior

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