24522 Chestnut St, Newhall, CA 91321 (MLS # BB25229225)

Price $3,500,000
Status Active
Beds 0
Baths 0 Bath
Home size 8,730 sqft
Lot Size 12,093 sqft
Days on Market 91
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.
Property Type(s): Residential Income
Last Updated 10/15/2025 Year Built 1979
Community 699 - Not Defined Garage Spaces 8.0
County Los Angeles

Additional Details

AREA 699 - Not Defined
GARAGE Yes
HEAT Forced Air
LOT 0.2776 acre(s)
LOT DESCRIPTION Corner Lot, Landscaped
LOT DIMENSIONS 12093
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
WATER Public

Location

 

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Listed with Howard Realty Group

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