Property Details
About this Property
24513-24519 Walnut Street presents a rare infill development opportunity for builders and investors seeking to maximize density and long term returns in a supply constrained California market. Currently improved with a duplex and one single standing unit, the site offers immediate income while positioning a future developer to significantly enhance value through redevelopment. The property allows for construction up to three stories, and when combined with SB 79 transit oriented allowances, a developer can pursue an exceptional apartment or condominium project with little to no parking requirements. This creates a meaningful cost savings while unlocking the ability to maximize rentable square footage, unit count, and overall project efficiency. Reduced parking obligations alone dramatically improve feasibility, design flexibility, and return on investment. SB 79 further strengthens the opportunity by streamlining entitlement risk and limiting discretionary local barriers for qualifying projects, making this site especially attractive for by right or near by right development. The ability to build vertically in a well located urban setting allows for modern unit layouts, strong rental demand, and long term appreciation supported by California’s chronic housing shortage. W
MLS Listing Information
MLS #
CROC26004115
MLS Source
California Regional MLS
Days on Site
12
Interior Features
Laundry
None
Cooling
None
Heating
No Heating
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 3 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 3 | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
24513 Walnut is a Triplex in Newhall, CA 91321. This – square foot property sits on a 9,382 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,249,000 and was built in 1954. This address can also be written as 24513 Walnut, Newhall, CA 91321.
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This listing information is up-to-date as of January 15, 2026. For the most current information, please contact Kirk Schilling
