CA > Santa Clarita
Santa Clarita, CA 91321,24966 Walnut St
Santa Clarita, CA 91321,24966 Walnut St
Santa Clarita, CA 91321,24966 Walnut St
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$1,975,000
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17 Beds
10 Baths
6,458 SqFt
Active

24966 Walnut St Santa Clarita, CA 91321

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Jennifer D. Holmes

Jennifer D. Holmes

+1(214) 600-2972

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,458 sqft

Price per Sqft $305

MLS Listing ID 25578181

Bedrooms 17

Year Built 1962

Lot Size 0.343 Acres

Acres 0.3432

Property Sub-Type Multi-Family

Property Description

24966 Walnut Street offers investors a rare chance to acquire a nine-unit multifamily property in the heart of Santa Clarita, one of Los Angeles County's most desirable and rapidly developing suburban markets. Featuring all two-bedroom, one-bathroom floor plans, the property delivers an ideal layout for working families and long-term renters, generating $13,525 per month in gross rental income. With below-market rents across the board, the asset presents clear potential for substantial income growth through targeted renovations and repositioning. Constructed in 1962 and totaling 6,458 square feet, the building is situated on a quiet residential street and has been home to long-term tenants, many of whom are paying significantly under market rates. Located within the City of Santa Clarita which has no local rent control new ownership can take advantage of full flexibility to adjust rents to market levels as units turn over, subject only to California's AB 1482 guidelines. The combination of stable in-place income and meaningful value-add potential makes this an exceptional opportunity for both cash flow and long-term appreciation. Positioned in a high-income, high-growth suburban community, the property benefits from proximity to major job centers, new development, and convenient transportation options. Santa Clarita is home to a strong and diversified economy, anchored by industries such as entertainment, healthcare, and education. Nearby attractions include Disney's Golden Oak Ranch and extensive film studio infrastructure, further boosting housing demand from industry professionals. With a family-friendly atmosphere, excellent schools, and a growing population, this location offers a compelling backdrop for sustained rental demand and long-term investor success.

Location

State CA

County Los Angeles

Area Downtown Newhall

Zoning SCUR3

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Other

Garage Spaces 9.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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agent

Jennifer D. Holmes

Global Real Estate Advisor

+1(214) 600-2972

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