24513 Walnut, Newhall, California 91321, Newhall, 91321 - 0 bed, 0 bath
Loading property details...
Newhall, California 91321
Analysis of 24513 Walnut, Newhall, California 91321 is currently available with a list price of $1,249,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Newhall Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1954, this property is marketed primarily as a redevelopment and infill opportunity rather than for the quality of its existing structures. The listing description explicitly mentions that the aging infrastructure may require complete demolition to achieve the site's highest and best use. While currently generating income as a triplex, the lack of interior photos and the focus on SB 79 transit-oriented development suggest the buildings are in poor condition with significant deferred maintenance and outdated systems.
The property offers a rare infill opportunity to add 3 to 6 additional units and build up to three stories, significantly increasing the asset's value and long-term rental income.
Leveraging SB 79 allowances for transit-oriented projects allows for reduced or no parking requirements, lowering construction costs and maximizing rentable square footage.
Currently configured as a triplex with a duplex and a detached unit, the property provides steady rental income to offset carrying costs while navigating the redevelopment process.
Originally built in 1954, the existing structures may require substantial maintenance or complete demolition to meet modern standards and achieve the site's highest and best use.
Maximizing the property's potential requires specialized knowledge of local zoning and state housing laws, posing a challenge for investors not experienced in ground-up construction.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 33% |
| Baths | 0.0 | 2.0 | 33% |
| Square foot | 2,364 | 1,145 | 67% |
| Lot Size | 9,382 | 109,036 | 33% |
| Price | $1.25M | $529.0K | 67% |
| Price per sq ft | $528 | $528 | 50% |
| Built year | 1954 | 1979 | 33% |
| HOA | $0 | $493 | 33% |
| Days on market | 99 | 183 | 33% |
Jan 13, 2026
$1,249,000
Initial Listing
Apr 12, 2006
$795,000
Public Record
Aug 10, 2005
$720,000
Public Record