24846 Walnut Street

Gallery Image 1
Gallery Image 2
Gallery Image 3
Gallery Image 4
Gallery Image 5
Gallery Image 6
Gallery Image 7
Active
$4,200,000
25 beds24 baths15,656 sqft
24846 Walnut St, Santa Clarita, CA 91321
Est: $28,688/moGet pre-approved
Multi FamilyProperty Type
0.55 acresLot Size
1985Year Built
$268/sq ftPrice per sq ft
22 carsParking Spaces

Description

On the market for the first time in nearly 40 years, this 16-unit apartment community on Walnut Street represents a rare opportunity to acquire a well-establishedresidential asset in one of Northern Los Angeles County's fastest-growing and most well-planned communities. The property was built and owned by the same familysince its development in 1985, and is now being offered by the original owner's children. Long-term family stewardship of this kind is increasingly rare in today'smultifamily market,...On the market for the first time in nearly 40 years, this 16-unit apartment community on Walnut Street represents a rare opportunity to acquire a well-establishedresidential asset in one of Northern Los Angeles County's fastest-growing and most well-planned communities. The property was built and owned by the same familysince its development in 1985, and is now being offered by the original owner's children. Long-term family stewardship of this kind is increasingly rare in today'smultifamily market, and the result is exactly what an experienced investor would hope to find: an asset with a stable operational history, an established tenant base,and rents that have drifted meaningfully below what the market will bear. The property sits on a 0.55-acre site totaling 15,656 rentable square feet, with a unit mix weighted toward spacious one- and two-bedroom floor plans that average979 square feet well above the typical workforce apartment in this submarket. In-place rents trail current market rates by a meaningful margin across the majorityof the unit mix, and the path to stabilized performance is driven entirely by natural rent normalization as tenancy turns over under new ownership. Located approximately 30 miles north of downtown Los Angeles along the I-5 and SR-14 corridors with convenient access to employment centers in Los Angeles,the San Fernando Valley, and surrounding counties Santa Clarita is known for its family-friendly neighborhoods, expansive open spaces, and strong local economy. One of the largest and most dynamic cities in Southern California, it offers a suburban lifestyle with modern amenities while maintaining close ties to the greaterLos Angeles area. The city is home to a wide range of parks, trails, and recreational facilities, including the extensive Santa Clarita Trail System, as well as majorregional attractions like Six Flags Magic Mountain. Seasonal festivals, farmers markets, and a strong tradition of civic engagement give Santa Clarita a welcoming,community-oriented identity that continues to attract long-term residents and new arrivals alike. Walnut Street sits at the center of this established residential fabric a corridor that has supported stable occupancy at this property for four decades.
80 days on Market
  • Listed by: Filip Niculete DRE #01905352 Brokerage DRE #01238010 • Marcus & Millichap
  • Listed by: Glen Scher DRE #01962976 Brokerage DRE #01238010 • Marcus & Millichap
Last updated: 08/05/2026 09:46 AM • Source: CLAW, MLS#: 26867777

See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$28,688 per month

30 year fixed, 7.03% Interest

Principal and Interest

$22,422

Property Taxes

$6,266

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 24846 Walnut Street

Property Details
  • MLS Type: Residential Income
  • County: Los Angeles County
  • Zoning: SCUR3
  • Parcel Number: 2855013055
  • Total Units: 16.0
  • Living Area: 15656
  • Source Living Area: Vendor Enhanced
  • Area: Downtown Newhall (DNEW)
  • Vacancy Rate: 3%
  • Lot Size Area: 23801
  • Source Lot Size Area: Vendor Enhanced
  • Assessor Parcel Number: 2855-013-055
  • Directions: Intersection of Walnut St and 14th St
Building Information
  • Year Built: 1985
  • Lot Size: 0.55 AC / 23,801 SF
Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Market
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $362,627
  • Net Operating Income: $215,435.00
  • Gross Income: $369,343
  • Gross Rent Multiplier: $11.37
  • Total Annual Expense: 147192
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.5464
  • Lot Size Square Feet: 23801
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 22
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-03-2026
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,822.00
  • Unit Actual Rent: $12,754.00
  • Unit Projected Rent: $13,650.00
  • Like Units: 7
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,010.00
  • Unit Actual Rent: $16,080.00
  • Unit Projected Rent: $19,200.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $3,714,228.00
  • Assessed Improvement Percent: 70.0
  • Assessed Land Value: $1,591,812.00
  • Assessed Land Percent: 30
  • Assessed Total Value: $5,306,040.00

Property History for 24846 Walnut Street

DateEvent & SourcePriceAppreciation
Jul 14, 2026

Listed (Active)

CLAW #26867777

$4,200,000—
Jul 14, 2026

Listed (Active)

CRMLS #26867777

$4,200,000—
DateEvent & SourcePrice
07/14/2026

Listed (Active)

CLAW #26867777

$4,200,000
07/14/2026

Listed (Active)

CRMLS #26867777

$4,200,000

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

Public Records for 24846 Walnut Street

Taxable ValueLand$1,266,445Additions$2,955,038Total$4,221,483
Tax Record2025$75,190 ($6,266 / month)
Home Facts
Baths23Total Finished SqFt15,656 SqFtAbove Grade Finished SqFt15,656 SqFtLot Size23,811 SqFtStyleMulti-Family Dwelling (2-4)Year Built1985Year Renovated1985ZoningSCUR3CountyLOS ANGELESAPN2855-013-055

Schools near 24846 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.

Similar Homes

Explore Nearby Homes

More information about 24846 Walnut Street, Santa Clarita, CA 91321

24846 Walnut Street is a multi-family home for sale in Santa Clarita, CA 91321. This property was listed for sale on July 14, 2026 by Marcus & Millichap, it's currently listed at $4,200,000. 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. 24846 Walnut Street is a 25-bed, 24-bath, 15,656 sqft multi-family home built in 1985.

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 Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

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.