24522 24522 Chestnut, Newhall, California 91321
$2,800,000
- Property Type
- Residential Income
- Building Size
- 8,730 sqft
- City
- Newhall
- Status
- Active
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.
About
Listed by Chris Habitz with Howard Realty Group
Quick Facts
MLS Property Type
Residential Income
Property Subtype
Apartment
Status
Active
MLS Number
BB25229225
Year Built
1979
Building Size
8,730 sq ft
Units
8
Lot Size
0.28 acres
Location
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Details
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