24513 Walnut Street
Newhall, CA 91321
Active for $1,550,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 9,382 sqft
| MLS | SR24200703 |
| Year Built | 1954 |
| Property Type | Multi Family |
| County | Los Angeles |
| Status | Active |
| Active | $1,550,000 |
| Structure Size | N/A sqft |
| Lot Size | 9,382 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Robert Haas, Pinnacle Estate Properties, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Victor Costello
REALTOR®
Direct: 424.259.1153
Email: Email Me
DRE: 01883502
DRE #01873088
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