24513 Walnut Newhall, CA 91321
9,382 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Custom Downtown Newhall (Cdnew)
MLS Listing ID OC26004115
HOA Y/N No
Year Built 1954
Lot Size 9,382 Sqft
Property Sub-Type Triplex
Property Description
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.
Location
State CA
County Los Angeles
Area Dnew - Downtown Newhall
Interior
Interior Features All Bedrooms Down
Heating None
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks, Urban
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2831005003
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby Locations