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$1,249,000

24513 Walnut St

Newhall, CA 91321

0Beds
3Baths
—Sq Ft
1954Built

Quick Facts

Property TypeSingle Family
Lot Size9,383 sqft
Year Built1954
MLS #2036403255

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.

Transit & Commuter Rail

  • Route 796: Warner Center
    Express to LA · Peak hours~55 min to Warner Center
    Express bus to Warner Center via I-5 and 101 - alternative route for Woodland Hills commuters
    1 min
  • Route 797: Century City
    Express to LA · Peak hours~75 min to Century City
    Express bus to Century City via I-5 and 405 - alternative route for Westside commuters
    1 min
  • Route 799: Los Angeles
    Express to LA · Peak hours~60 min to Downtown LA
    Express bus to Downtown Los Angeles via I-5 - direct service to LA business district
    1 min
  • Route 4: Bouquet Cyn/Newhall Metrolink
    Local · Every 20-30 min🚆 Metrolink
    Bouquet Canyon corridor to Newhall Metrolink station for commuter rail connections to LA
    1 min
  • Route 5: Stevenson Ranch/Vasquez Cyn
    Local · Every 30-45 min
    Serves Stevenson Ranch and Vasquez Canyon with connections to Valencia Town Center
    1 min
  • Route 6: Stevenson Ranch/Shadow Pines
    Local · Every 30-45 min
    Stevenson Ranch to Shadow Pines via Westridge and The Paseos
    1 min
  • Route 14: Plum Cyn/Newhall Metro
    Local · Every 30-45 min🚆 Metrolink
    Plum Canyon to Newhall Metrolink with service to Valencia Town Center
    1 min
  • Route 641: Placerita/Hart
    School
    School bus service to Placerita Junior High and Hart High School
    2 min

Commute from this Home

Warner Center45-55 minCentury City65-80 minDowntown LA55-65 min
Compare all neighborhoods for commuters →
View schedules & live tracking

Transit data provided by Santa Clarita Transit. Schedules and routes subject to change. Verify at santaclaritatransit.com.

Interactive Mortgage Calculator

Estimated Monthly Payment
$0
30-year fixed mortgage
20%($0)
6.875%
Loan Amount$0
Total Interest Paid$0
Total Cost$0
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