Description

24802 and 24806 Walnut Street comprise a seven-unit residential property in Santa Clarita, built in 1978 and held by the same family since development. The owners' children are offering it after nearly four decades off the market. The approximately 0.26-acre parcel supports 5,842 rentable square feet, with studios and one- and two-bedroom apartments.

The offering identifies a gap between existing and market rents, with potential income growth through natural turnover and applicable rent adjustments. Buyers should review the rent roll and tenant requirements when assessing that opportunity. The Walnut Street location is approximately 30 miles north of downtown Los Angeles, with access to Interstate 5 and State Route 14 and proximity to Santa Clarita's retail, parks and trail network.