Description
24846 Walnut Street is a 16-unit apartment community in Santa Clarita. Built in 1985 and continuously held by the original family, the property is now offered by the owners' children. It contains 15,656 rentable square feet on approximately 0.55 acres, with a mix focused on one- and two-bedroom layouts averaging 979 square feet.
The broker describes existing rents as below current market levels across most of the unit mix. Future turnover may provide opportunities to adjust rents, subject to applicable law and the buyer's operating costs. The established Walnut Street setting provides access to local services, parks and trails, while Interstate 5 and State Route 14 connect the area with employment in the San Fernando Valley and greater Los Angeles.
Offering Summary
- Asking Price$4,200,000
- Price PSF$268.27
- Price/Unit$262,500
- Property TypeMultifamily
- Built1985
- Total Acres~0.55 ac
Sale Details
- Cap Rate5.13%
- NOI$215,435
- GRM11.37
- Cash-on-Cash2.37%
Documents
Property Address
Property Details
- Property Type
Multifamily - Total Units
16 - Year Built
1985 - Acres
0.55
Deal Team
