24522 Chestnut new Save Request In-Person Tour Request Virtual Tour
Newhall,CA 91321
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25229225
Bedrooms 2
Lot Size 0.278 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present the opportunity to acquire24522 Chestnut St., a prime multifamily investment opportunity located in the heart ofNewhall, just steps fromSanta Claritas 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 in1979and featuresspacious two-bedroom, one-bathroom unitsaveraging approximately1,091 square feet. Each unit offers a comfortable living space that appeals to long-term tenants seeking proximity toschools, shopping, dining, and entertainmentin a central, walkable location. Notably, the property isnot subject to the Los Angeles Rent Stabilization Ordinance (RSO)due to its construction date and is instead governed byCalifornias 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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Easy access to the 5 and 14 freeways and close to Metro Rail Lines
Interior
Heating Forced Air Unit
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 2831005034