$1,249,000
24513 Walnut
Newhall, CA 91321
1954
Year Built
Los Angeles
County
Triplex
Property Type
About this home
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.
Property Details
Architecture
Features & Amenities
Property Features
Community
Tax & Financial
Request a Tour
Mortgage Estimate
$6,648/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
Last updated: October 21, 2026 at 5:15 PMThe multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. 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. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.