Active

24513 Walnut

Newhall, CA 91321

$1,249,000 $5,265/Mo

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Overview

Bed

Bath

2,364

Sqft

9,382

Sqft(Lot)

Description

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 d evelopment 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.

Property Details

Property Type : Residential Income

Price : $1,249,000

AD Id : 74175077

MLS Id : OC26004115

Beds : 5

Lot Size : 9,382 Sqft

Living Area Size : 2,364

Year Built : 1954

Garage : 3

County : Los Angeles

Subdivision: Fallbrook

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Interior Features: All Bedrooms Down Fireplace: None
Cooling Features

None Air Conditioning

Heating Source

None Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1954 Building Area Total: 2,364
Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2154
Lot Size Source: Public Records Lot Size Square Feet: 9382

Listing Price Information

Original List Price: 1,249,000 Listing Contract Date: 2026-01-13
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 2831005003

Rental Info

Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Exterior Maintenance,Gas,HVAC Maintenance,Insurance,Repairs,Roof,Telephone

Other Property Info

Source Listing Status: Active Source Neighborhood: DNEW - Downtown Newhall Directions: Middle property on corner of Walnut and Lyons Ave Source Property Type: Residential Income Area: DNEW - Downtown Newhall Property SubType: Triplex
Building and Construction

Property Age: 72 Common Walls: 1 Common Wall Structure Type: Triplex Year Built Source: Public Records Entry Level: 1 Entry Location: main Property Attached: Yes

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
24047 Arch, Newhall, CA, 91321	$714,900	2	2	1,258	1,258 SqFt

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ByOwner last updated this listing 06/05/2026 @ 22:25

MLS: OC26004115 LISTED BY: Kirk Schilling, Rise Realty 866-344-7473 SOURCE: CRMLS