24513 Walnut, Newhall (santa Clarita), CA 91321

• 5 beds
• 2,364 sqft

Property Description

24513-24519 Walnut Street presents a rare infill development opportunity for builders and investors seeking to maximize density and long term returns in a supply constrained California market. Currently improved with a duplex and one single standing unit, the site offers immediate income while positioning a future developer to significantly enhance value through redevelopment. The property allows for construction up to three stories, and when combined with SB 79 transit oriented allowances, a developer can pursue an exceptional apartment or condominium project with little to no parking requirements. This creates a meaningful cost savings while unlocking the ability to maximize rentable square footage, unit count, and overall project efficiency. Reduced parking obligations alone dramatically improve feasibility, design flexibility, and return on investment. SB 79 further strengthens the opportunity by streamlining entitlement risk and limiting discretionary local barriers for qualifying projects, making this site especially attractive for by right or near by right development. The ability to build vertically in a well located urban setting allows for modern unit layouts, strong rental demand, and long term appreciation supported by California's chronic housing shortage. Whether he

Listing Status:

Active

Date Added:

January 13, 2026

Data Last Updated:

February 8, 2026 at 5:08AM

Listing Office:

Rise Realty : 866-344-7473

Listing Agent:

Kirk Schilling : 949-212-1346

MLS ID:

CROC26004115

Interior

• Laundry: No Hookups
• A/C: No Air Conditioning
• Heating: None

Exterior

• General: Other

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: 2831005003

Financial

• Source: CRMLS