24522 Chestnut St

Newhall, CA 91321

$2,995,000
Price
2
Beds
8
Baths
8,730 Sq. Ft.
$343 / Sq. Ft.
8,730
Sq. Ft.
$343
per Sq. Ft.
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Description

We are pleased to present the opportunity to acquire 24522 Chestnut St., a prime multifamily investment opportunity located in the heart of Newhall, just steps from Santa Clarita’s rapidly redeveloping Old Town Newhall District — one of the city's most vibrant and in-demand rental markets. This well-maintained, eight-unit apartment building was constructed in 1979 and features spacious two-bedroom, one-bathroom units averaging approximately 1,091 square feet. Each unit offers a comfortable living...We are pleased to present the opportunity to acquire 24522 Chestnut St., a prime multifamily investment opportunity located in the heart of Newhall, just steps from Santa Clarita’s rapidly redeveloping Old Town Newhall District — one of the city's most vibrant and in-demand rental markets. This well-maintained, eight-unit apartment building was constructed in 1979 and features spacious two-bedroom, one-bathroom units averaging approximately 1,091 square feet. Each unit offers a comfortable living space that appeals to long-term tenants seeking proximity to schools, shopping, dining, and entertainment in a central, walkable location. Notably, the property is not subject to the Los Angeles Rent Stabilization Ordinance (RSO) due to its construction date and is instead governed by California’s AB 1482, which allows for more favorable annual rent increases compared to older, rent-controlled assets. Brokers and their agents provide no warranties or representations about the Property's condition, and both Buyer and Seller should rely on their own investigations.
  1. Listed by Chris Habitz • DRE #01319877 • Brokerage DRE #01885613 • Howard Realty Group • 818-314-0300

Property Details for 24522 Chestnut Street

Parking Spaces Total
8
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
8730
Assessor Parcel Number
2831-005-034
Property Attached YN
false
LISTING UPDATED: 06/15/2026 07:07 AM

Property Details for 24522 Chestnut Street

StatusActive
MLS #BB25229225
Days on Market257
Pet Policy-
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1979
CountyLos Angeles County
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Location

Listing Courtesy of Howard Realty Group, Chris Habitz, DRE #01319877
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Building Information for 24522 Chestnut Street

Building/Complex24522 Chestnut StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1979Building Size-

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$17,972 per month

30 year fixed, 6.36% Interest

Principal and Interest

$14,924

Property Taxes

$3,048

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 24522 Chestnut Street

Rental Info
Rental Info
  • Tenant Pays: Gas, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $217,512
  • Gross Scheduled Income: $217,512
  • Net Operating Income: $154,948
  • Laundry Income: $5,400
  • Cap Rate: 5.18
Expense Details
  • Operating Expense: $62,564
  • Fuel Expense: $4,500
  • Electric Expense: $2,400
  • Insurance Expense: $7,000
  • Professional Management Expense: $0
  • Trash Expense: $700
  • Water Sewer Expense: $4,000
  • Total Expenses: $62,564
Tax / Assessment Info
  • Tax Block: 11
  • Tax Tract Number: 5921
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 24
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Common Area
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Entry Location: Front Street entrance
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Corner Lot, Landscaped, Sprinkler System
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 8
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $18,126
  • Unit Type Total Rent: $18,126
  • Unit Type Pro Forma: 19160
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8

Property History for 24522 Chestnut Street

DateEvent & SourcePriceAppreciation
Jun 15, 2026

Price Change

CLAW #BB25229225MR

$2,995,000—
Jun 15, 2026

Price Change

CRMLS #BB25229225

$2,995,000—
Jun 14, 2026

Price Change

SDMLS #BB25229225

$2,995,000—
DateEvent & SourcePrice
06/15/2026

Price Change

CLAW #BB25229225MR

$2,995,000
06/15/2026

Price Change

CRMLS #BB25229225

$2,995,000
06/14/2026

Price Change

SDMLS #BB25229225

$2,995,000

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

Public Records for 24522 Chestnut Street

Taxable ValueLand$1,160,584Additions$1,392,699Total$2,553,283
Tax Record2025$36,578 ($3,048 / month)
Home Facts
Total Finished SqFt8,730 SqFtAbove Grade Finished SqFt8,730 SqFtLot Size12,089 SqFtStyleMulti-Family Res (5+ Units)Year Built1979ZoningSCSPCountyLOS ANGELESAPN2831-005-034

Schools near 24522 Chestnut 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 24522 Chestnut Street, Newhall, CA 91321

24522 Chestnut Street is a multi-family home for sale in Newhall, CA 91321. This property was listed for sale on October 3, 2025 by Howard Realty Group, it's currently listed at $2,995,000. It has been on the market for a total of 257 days and was last sold on March 15, 2017. 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. 24522 Chestnut Street is a 2-bed, 8-bath, 8,730 sqft multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Howard Realty Group, Chris Habitz, DRE #01319877

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.