24513 Walnut St Newhall, CA 91321
Newhall NeighborhoodEstimated payment $7,874/month
Highlights
- No Heating
- Placerita Junior High School Rated A
- 1-Story Property
About This Home
24513 to 24519 Walnut Street presents a rare infill development opportunity for builders and investors looking to maximize density and long term returns in one of California’s most supply constrained markets. The property is currently improved with a duplex and a detached unit, providing immediate income while positioning a developer to significantly increase value through redevelopment. The site offers a clear path to add 3 to 6 additional units, creating a meaningful lift in rental income and overall asset value. The property allows for construction up to three stories, and when combined with SB 79 transit oriented allowances, it opens the door to a high efficiency apartment or condominium project with little to no parking requirements. This reduction in parking significantly lowers development costs while allowing for greater unit count, more rentable square footage, and improved overall project design. The result is a more efficient build, stronger cash flow potential, and a materially higher return on investment for developers who understand how to capitalize on the current regulatory environment.
Listing Agent
Rise Realty Brokerage Phone: 949-212-1346 License #02000997 Listed on: 01/13/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 9,382 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 2,364 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Utilities
- No Heating
- Standard Electricity
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 7 / 11
- Tax Tract Number 1
- Assessor Parcel Number 2831005003
- $1,845 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
- Custom Downtown Newhall Subdivision
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $2,754
- Trash Expense $1,200
- Water Sewer Expense $1,650
- New Taxes Expense $14,900
- Operating Expense $20,504
- Gross Income $70,800
- Net Operating Income $50,296
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,953 | $1,065,918 | $642,284 | $423,634 |
| 2024 | $14,466 | $1,045,019 | $629,691 | $415,328 |
| 2023 | $14,073 | $1,024,530 | $617,345 | $407,185 |
| 2022 | $13,856 | $1,004,442 | $605,241 | $399,201 |
| 2021 | $13,617 | $984,748 | $593,374 | $391,374 |
| 2020 | $13,458 | $974,651 | $587,290 | $387,361 |
| 2019 | $13,137 | $955,541 | $575,775 | $379,766 |
| 2018 | $12,921 | $936,806 | $564,486 | $372,320 |
| 2016 | $12,186 | $900,430 | $542,567 | $357,863 |
| 2015 | $11,946 | $886,906 | $534,418 | $352,488 |
| 2014 | $11,744 | $869,534 | $523,950 | $345,584 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/13/2026 01/13/26 | For Sale | $1,249,000 | -- | $528 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Available | |
| Grant Deed | $795,000 | Orange Coast Title Company | |
| Grant Deed | $720,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $624,000 | Purchase Money Mortgage | |
| Previous Owner | $576,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26004115
APN: 2831-005-003
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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