$3,250,000
24522 Chestnut St
Newhall, CA 91321
Quick Facts
About This Home
We are pleased to present the opportunity to acquire 24522 Chestnut St., a prime multifamily investment opportunity located in the heart of Newhall, just steps from Santa Clarita's rapidly redeveloping Old Town Newhall District one of the city's most vibrant and in-demand rental markets. This well-maintained, eight-unit apartment building was constructed in 1979 and features spacious two-bedroom, one-bathroom units averaging approximately 1,091 square feet. Each unit offers a comfortable living space that appeals to long-term tenants seeking proximity to schools, shopping, dining, and entertainment in a central, walkable location. Notably, the property is not subject to the Los Angeles Rent Stabilization Ordinance (RSO) due to its construction date and is instead governed by California's AB 1482, which allows for more favorable annual rent increases compared to older, rent-controlled assets. Brokers and their agents provide no warranties or representations about the Property's condition, and both Buyer and Seller should rely on their own investigations.
Transit & Commuter Rail
- Route 796: Warner CenterExpress bus to Warner Center via I-5 and 101 - alternative route for Woodland Hills commuters2 min
- Route 797: Century CityExpress bus to Century City via I-5 and 405 - alternative route for Westside commuters2 min
- Route 799: Los AngelesExpress bus to Downtown Los Angeles via I-5 - direct service to LA business district2 min
- Route 4: Bouquet Cyn/Newhall MetrolinkBouquet Canyon corridor to Newhall Metrolink station for commuter rail connections to LA2 min
- Route 5: Stevenson Ranch/Vasquez CynServes Stevenson Ranch and Vasquez Canyon with connections to Valencia Town Center2 min
- Route 6: Stevenson Ranch/Shadow PinesStevenson Ranch to Shadow Pines via Westridge and The Paseos2 min
- Route 14: Plum Cyn/Newhall MetroPlum Canyon to Newhall Metrolink with service to Valencia Town Center2 min
- Route 641: Placerita/HartSchool bus service to Placerita Junior High and Hart High School2 min
Commute from this Home
Compare all neighborhoods for commuters →Transit data provided by Santa Clarita Transit. Schedules and routes subject to change. Verify at santaclaritatransit.com.