24513 to 24519 Walnut Street presents a rare infill development opportunity for builders and investors looking to maximize density and long term returns in one of California’s most supply constrained markets. The property is currently improved with a duplex and a detached unit, providing immediate income while positioning a developer to significantly increase value through redevelopment. The site offers a clear path to add 3 to 6 additional units, creating a meaningful lift in rental income and overall asset value.
The property allows for construction up to three stories, and when combined with SB 79 transit oriented allowances, it opens the door to a high efficiency apartment or condominium project with little to no parking requirements. This reduction in parking significantly lowers development costs while allowing for greater unit count, more rentable square footage, and improved overall project design. The result is a more efficient build, stronger cash flow potential, and a materially higher return on investment for developers who understand how to capitalize on the current regulatory environment.
For sale
Listed by: Rise Realty • Kirk Schilling • Contact: 866-344-7473
$1,249,000
24513 Walnut St, Santa Clarita, CA 91321
15beds
9baths
2,364sqft
Triplex
Built in 1954
-- sqft lot
$1,211,400 Zestimate®
$528/sqft
$-- HOA
What's special
Detached unit
- 172 days |
- 379 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Kirk Schilling DRE #02000997 949-212-1346,
Rise Realty
Source: CRMLS,MLS#: OC26004115
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 9
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Heating
- None
Cooling
- None
Appliances
- Laundry: None
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,364
- Total interior livable area: 2,364 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Garage spaces: 3
Features
- Entry location: main
- Pool features: None
Lot
- Size: 9,382 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 2831005003
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Storm Drain(s), Street Lights, Sidewalks, Urban
- Subdivision: Custom Downtown Newhall (Cdnew)
Location
- Region: Santa Clarita
Financial & listing details
- Price per square foot: $528/sqft
- Tax assessed value: $1,065,918
- Annual tax amount: $14,953
- Date on market: 1/13/2026
- Cumulative days on market: 172 days
- Listing terms: Cash,Conventional
- Total actual rent: 5900
- Tenant pays: Cable TV, Electricity, Exterior Maintenance, Gas, HVAC Maintenance, Insurance, Repairs, Roof, Telephone
Estimated market value
$1,211,400
$1.15M - $1.27M
$2,066/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/13/2026 | Listed for sale | $1,249,000+4.5%$528/sqft |
Source:  CRMLS #OC26004115 Report a problem | ||
| 11/24/2025 | Listing removed | $1,195,000$505/sqft |
Source:  CLAW #25553611 Report a problem | ||
| 11/11/2025 | Price change | $1,195,000-4.4%$505/sqft |
Source: CLAW #25553611 Report a problem | ||
| 8/29/2025 | Listed for sale | $1,250,000$529/sqft |
Source: CLAW #25553611 Report a problem | ||
| 7/16/2025 | Contingent | $1,250,000$529/sqft |
Source: CLAW #25553611 Report a problem | ||
| 6/17/2025 | Listed for sale | $1,250,000+57.2%$529/sqft |
Source: CLAW #25553611 Report a problem | ||
| 4/12/2006 | Sold | $795,000+10.4%$336/sqft |
Source: Public Record Report a problem | ||
| 8/10/2005 | Sold | $720,000$305/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,953 +3.4% | $1,065,918 +2% |
| 2024 | $14,466 +2.8% | $1,045,019 +2% |
| 2023 | $14,073 +1.6% | $1,024,530 +2% |
| 2022 | $13,856 +1.8% | $1,004,442 +2% |
| 2021 | $13,617 +1.2% | $984,748 +1% |
| 2020 | $13,458 | $974,651 +2% |
| 2019 | $13,458 +4.2% | $955,541 +2% |
| 2018 | $12,921 | $936,806 +2% |
| 2017 | $12,921 +2.3% | $918,438 +2% |
| 2016 | $12,634 +3.7% | $900,430 +1.5% |
| 2015 | $12,186 +3.8% | $886,906 +2% |
| 2014 | $11,744 | $869,534 +4.5% |
| 2011 | -- | $831,995 +2.5% |
| 2008 | -- | $811,512 +12.7% |
| 2006 | -- | $720,000 +392.7% |
| 2004 | -- | $146,141 +104.9% |
| 2002 | -- | $71,331 +4% |
| 2000 | -- | $68,563 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Newhall
Nearby schools
GreatSchools rating
- 5/10Newhall Elementary SchoolGrades: K-6Distance: 0.1 mi
- 6/10Placerita Junior High SchoolGrades: 7-8Distance: 0.7 mi
- 9/10William S. Hart High SchoolGrades: 9-12Distance: 0.4 mi
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- California
- Los Angeles County
- Santa Clarita
- 91321
- Newhall
- 24513 Walnut St
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