Newhall CA Multi Family for Sale
$1,550,000
24513 Walnut Street Newhall, CA 91321
- Type:
- Mixed Use
- Sq.Ft.:
- 2,364
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.22 Acres
- Year built:
- 1954
- Baths:
- MLS#:
- SR24201161
- Subdivision:
- Custom Downtown Newhall (CDNEW)
ADDITIONAL INFORMATION
Property is being sold as a development opportunity. Capitalize on the highest and best use of the property-This is a Fantastic opportunity to build upto a 35’ tall 3-story approximate 14,900+ SF office building inclusive of a ground floor gated parking garage in Downtown Newhall convenient to restaurants and freeway access as well as all the other amenities the Newhall downtown district has to offer. As part of the Old Town Newhall Corridor Zone, Zoned SCSP this property allows for the maximum usage of the existing lot size with a 0’ set back to the rear of the building and as little as only 5’ on either side of the structure. This gives the maximum income possible to the owner. Lot includes addresses 24513, 24515 and 24519. Currently a multifamily structure with long term tenants occupy the property generating a reliable source of income while the project is in the planning process. All utilities are already in place.
Newhall Real Estate
The median home value in Newhall, CA is $761,000. This is lower than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Newhall, CA is $761,000. Approximately 68.06% of Newhall homes are owned, compared to 28.7% rented, while 3.24% are vacant. Newhall real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Newhall real estate agent to arrange a tour today!
Newhall 91321 is more family-centric than the surrounding county with 38.4% of the households containing married families with children. The county average for households married with children is 30.99%.
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