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Listed by Chris Habitz, DRE #01319877 • Howard Realty Group
$ 3,125,000
Est. payment | /mo
0.28 Acres Lot
$ 3,125,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25229225
Year Built 1979
Lot Size 0.278 Acres
Source California Regional MLS
Property 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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Heating Forced Air
Laundry Laundry Area, Community Facility
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 2831005034
Special Listing Condition Not Applicable
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Jim Black
Chief Lending Officer : Founder | License ID: NMLS633511/1065732 DRE02089890