24817 Walnut Street

    Newhall, CA 91321
    • $4,498,000
    • STATUS: Active
    • ON SITE: 42 days
    • ID#: 18393944
    UPDATED: 39 min ago
    $4,498,000
    • 0
      BEDS
    • 0.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,280
      SQFT
    • $294
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    24817 Walnut Street, an eighteen unit (plus one non-conforming unit) non-rent controlled apartment building, is located in the city of Santa Clarita. Built in 1965, the building features an excellent unit mix of 4 one-bedroom/one-bathroom units, 14 two-bedroom/one-bedroom units and 1 three-bedroom/two-bathroom unit. The building also features 1 non-conforming studio/one-bathroom unit. The property features a gates pool, laundry room and on-site tenant parking. The property has been well maintained by the current owner with potential to increase rents through the implementation of a more aggressive management and renovation program.The City of Santa Clarita is the third largest city in Los Angeles County, California, and the 24th largest in the state of California. Incorporated in 1987 to Los Angeles County, the city has annexed a number of unincorporated areas, contributing to the large population increase. Santa Clarita is located about 35 miles northwest of downtown LA

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T18:31:15.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88267154

    24817 Walnut Street Newhall, CA 91321

    • Price: $4,498,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 18393944
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.53
    Acres
    15,280
    SQFT
    $294
    $/SQFT
    1965
    Built
    Neighborhood:
    DNEW - Downtown Newhall
    County:
    Los Angeles
    Area:
    DNEW - Downtown Newhall
    Property Description
    24817 Walnut Street, an eighteen unit (plus one non-conforming unit) non-rent controlled apartment building, is located in the city of Santa Clarita. Built in 1965, the building features an excellent unit mix of 4 one-bedroom/one-bathroom units, 14 two-bedroom/one-bedroom units and 1 three-bedroom/two-bathroom unit. The building also features 1 non-conforming studio/one-bathroom unit. The property features a gates pool, laundry room and on-site tenant parking. The property has been well maintained by the current owner with potential to increase rents through the implementation of a more aggressive management and renovation program.The City of Santa Clarita is the third largest city in Los Angeles County, California, and the 24th largest in the state of California. Incorporated in 1987 to Los Angeles County, the city has annexed a number of unincorporated areas, contributing to the large population increase. Santa Clarita is located about 35 miles northwest of downtown LA
    Exterior Features

    Lot Size Units Square Feet Parking Features Covered Parking Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling Wall Window Cooling YN Yes Laundry Features None

    Property Features

    Cap Rate 5.11 Gross Multiplier 11.96 Gross Operating Income 346360.00 Improvements Amount 2214420 Land Value 816000 Laundry YN No Net Operating Income 134882.00 Special Listing Conditions Standard Total Expenses 135586.00 Zoning Scur3

    Listing provided courtesy of Jeffrey Louks of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T18:31:15.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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