24513 Walnut ST Active

Newhall,CA 91321

$ 1550000

- Bed

- Bath

2364 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,364 sqft

Price per Sqft $655

MLS Listing ID SR24200703

Year Built 1954

Lot Size 9,382 Sqft

Property Description

Property is being sold as a development opportunity to capitalize on the highest and best use of the property-Fantastic opportunity to build a 35’ tall 3-story up to an approximate 14,900+ SF office building in addition to a ground floor gated parking garage in Downtown Newhall convenient to restaurants and freeway access as well as all the other amenities the Newhall downtown district has to offer. As part of the Old Town Newhall Corridor Zone, Zoned SCSP this property allows for the maximum usage of the existing lot size with a 0’ set back to the rear of the building and as little as only 5’ on either side of the structure. This gives the maximum income possible to the owner. Lot includes addresses 24513, 24515 and 24519. Currently a multifamily structure with long term tenants occupy the property generating a reliable source of income while the project is in the planning process.

Location

State CA

County Los Angeles

Area Dnew - Downtown Newhall

Rooms

Ensuite Laundry See Remarks

Interior

Laundry Location See Remarks

Heating See Remarks

Cooling See Remarks

Laundry See Remarks

Exterior

Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

Building

Lot Description 0-1 Unit/Acre

Story 1

Water Public

Others

Acceptable Financing Cash,Cash to New Loan

Listing Terms Cash,Cash to New Loan

Special Listing Condition Standard

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