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 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.
Details
| MLS # | BB25229225 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1979 |
| Days On Site | 377 |
| Listing Provided By | Howard Realty Group | Chris Habitz |
Features
| SQ Feet | 8,730 |
|---|---|
| Garage | 8 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Acreage | 0.28 |
Interior
| Heating | Forced Air |
|---|---|
| Heating Yes / No | Yes |
Exterior
| Lot Features | Corner Lot, Landscaped, Sprinkler System |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Suburban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Newhall |
| Zip Code | 91321 |
| Area | 699 Not Defined |
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Newhall |
| Zip Code | 91321 |
| Area | 699 Not Defined |