24513 Walnut St

Newhall, CA 91321

$1,249,000
Price
5
Beds
9
Baths
2,364 Sq. Ft.
$528 / Sq. Ft.
2,364
Sq. Ft.
$528
per Sq. Ft.
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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...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.
  1. Listed by Kirk Schilling • DRE #02000997 • Brokerage DRE #01957687 • Rise Realty • 949-212-1346

Property Details for 24513 Walnut Street

Parking Spaces Total
3
Private Pool
No
Cooling Type
None
Total Units
3.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
2364
Assessor Parcel Number
2831-005-003
LISTING UPDATED: 04/14/2026 10:18 AM

Property Details for 24513 Walnut Street

StatusActive
MLS #OC26004115
Days on Market120
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.22 AC / 9,382 SF
CountyLos Angeles County
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Location

Listing Courtesy of Rise Realty, Kirk Schilling, DRE #02000997
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Building Information for 24513 Walnut Street

Stories1Residences-Year Built1954Building Size-Lot Size0.22 AC / 9,382 SF

Payment Calculator

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$7,535 per month

30 year fixed, 6.46% Interest

Principal and Interest

$6,289

Property Taxes

$1,246

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 24513 Walnut Street

Rental Info
Rental Info
  • Tenant Pays: Insurance, Gas, Roof, Repairs, Telephone, HVAC Maintenance, Cable TV, Electricity, Exterior Maintenance
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $70,800
  • Gross Spendable Income: $50,296
  • Vacancy Allowance: 0
  • Gross Operating Income: $70,800
  • Net Operating Income: $50,296
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Cap Rate: 3.99
Expense Details
  • Operating Expense: $20,504
  • New Taxes Expense: $14,900
  • Insurance Expense: $2,754
  • Trash Expense: $1,200
  • Water Sewer Expense: $1,650
  • Total Expenses: $20,504
Tax / Assessment Info
  • Tax Block: 11
  • Tax Tract Number: 1
  • CFD/Mello-Roos Fee: $1,845
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Street Lights, Urban, Storm Drains, Sidewalks
  • Community: Custom Downtown Newhall (CDNEW)
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: None
  • Heating: None
  • Heat Equipment: N/K
Exterior Features
  • Entry Location: main
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Custom Downtown Newhall
  • Builders Tract Code: Custom Downtown Newhall (CDNEW)
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,900
  • Unit Type Total Rent: $5,900
  • Unit Type Pro Forma: 5900
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 24513 Walnut Street

DateEvent & SourcePriceAppreciation
Jan 13, 2026

Listed (Active)

CRMLS #OC26004115

$1,249,000—
Jan 13, 2026

Listed (Active)

CLAW #OC26004115MR

$1,249,000—
Jan 13, 2026

Listed (Active)

SDMLS #OC26004115

$1,249,000—
DateEvent & SourcePrice
01/13/2026

Listed (Active)

CRMLS #OC26004115

$1,249,000
01/13/2026

Listed (Active)

CLAW #OC26004115MR

$1,249,000
01/13/2026

Listed (Active)

SDMLS #OC26004115

$1,249,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 24513 Walnut Street

Taxable ValueLand$642,284Additions$423,634Total$1,065,918
Tax Record2025$14,953 ($1,246 / month)
Home Facts
Total Finished SqFt2,364 SqFtAbove Grade Finished SqFt2,364 SqFtLot Size9,379 SqFtStyleTriplexYear Built1954ZoningSCSPCountyLOS ANGELESAPN2831-005-003

Schools near 24513 Walnut Street

This home is within Newhall School District.
Rating
School
Type
Grades
Distance
Newhall Elementary School
Public - K to 6
Placerita Junior High School
Public - 7 to 8
William S. Hart High School
Public - 9 to 12
Bowman (Jereann) High (Continuation) School
Public - 9 to 12
Rating
School
Distance
Newhall Elementary School
PublicK to 6

Placerita Junior High School
Public7 to 8

William S. Hart High School
Public9 to 12

Bowman (Jereann) High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 24513 Walnut Street, Newhall, CA 91321

24513 Walnut Street is a multi-family home for sale in Newhall, CA 91321. This property was listed for sale on January 13, 2026 by Rise Realty, it's currently listed at $1,249,000. It has been on the market for a total of 120 days and was last sold on February 17, 2007. This listing's school districts are William S. Hart Union High School District, Newhall School District. Nearby schools include Newhall Elementary School, Placerita Junior High School and William S. Hart High School. 24513 Walnut Street is a 5-bed, 9-bath, 2,364 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rise Realty, Kirk Schilling, DRE #02000997

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.