Logan Ward
Associate
CalDRE #02200464
24802 & 24806 Walnut St, Santa Clarita, CA 91321
Seven units on two APNs, held by one family since 1978.
Exclusively listed by the LAAA Team at Marcus & Millichap
- Listing Price
- $1,725,000
- Cap Rate
- 5.31%
- Units
- 7
- GRM
- 11.27
- Price / Unit
- $246,429
- Price / SF
- $295.28
- Gross SF
- 5,842 SF
- Year Built
- 1978
Offering
The Offering
The LAAA Team of Marcus & Millichap presents 24802 & 24806 Walnut Street, a 7-unit community on two APNs in Santa Clarita. Built by the same family in 1978 and now offered by the original developers' children, the property carries 5,842 SF across a studio, one-bedroom, and two-bedroom mix on a 0.26-acre corner lot. In-place rents sit below market, and five two-car garages open a path to ADU conversion. Two APNs mean residential financing may apply.
- 01
First time on the market in nearly 50 years
- 02
Seven units on two APNs, residential financing may apply
- 03
Five two-car garages, ADU conversion potential
- 04
Gated parking and entrances
- 05
Corner lot with large floorplans
- 06
No local rent control, subject to AB 1482
Gallery
Inside the Offering
24802 & 24806 Walnut St, Santa Clarita, CA 91321
Location
Santa Clarita
24802 & 24806 Walnut St, Santa Clarita, CA 91321
Walnut Street sits in Newhall, the oldest part of Santa Clarita, roughly 30 miles north of downtown Los Angeles where the I-5 and SR-14 corridors meet. The city draws renters with family neighborhoods, the Santa Clarita Trail System, and a local economy that has kept pace with steady population growth. Old Town Newhall's restaurant and arts district is minutes away.
Listing Team
Exclusively listed by the LAAA Team.
For offering materials, financials, or offer guidance, reach out directly.
Glen Scher
Senior Managing Director Investments
CalDRE #01962976
Glen Scher
Senior Managing Director Investments
CalDRE #01962976
Filip Niculete
Senior Managing Director Investments
CalDRE #01905352
Filip Niculete
Senior Managing Director Investments
CalDRE #01905352
Next Step
Ready to dig into the financials?
Sign the Confidentiality Agreement to access the full Offering Memorandum for 24802 & 24806 Walnut St, Santa Clarita, CA 91321.
