Listed by Chris Habitz•DRE #01319877• Howard Realty Group
Contact: 818-314-0300
For sale
$2,800,000
Est. $19,308/mo —
16
bd
•
8 ba
•
8,730
sq ft
24522 Chestnut, Newhall, CA 91321
About this home
We are pleased to present the opportunity to acquire 24522 Chestnut St. , a prime multifamily investment opportunity located in the heart of Newhall, just steps from Santa Clarita’s 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 in 1979 and features spacious two-bedroom, one-bathroom units averaging approximately 1,091 square feet. Each unit offers a comfortable living space that appeals to long-term tenants seeking proximity to schools, shopping, dining, and entertainment in a central, walkable location. Notably, the property is not subject to the Los Angeles Rent Stabilization Ordinance (RSO) due to its construction date and is instead governed by California’s 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.
Vista Valencia, located between McBean Parkway and Interstate 5, is a residential and hillside Santa Clarita neighborhood with terraced streets and golf-course greens. The neighborhood reads as late-20th-century Southern California: stucco townhomes, tiled roofs, and planned pockets of cul-de-sacs stepping up from the valley floor. The character concentrates around the Valencia Town Center Drive and Magic Mountain Parkway corridor, where patios, storefronts, and steady foot traffic frame the daily rhythm. Local pillars include The Cube – Ice and Entertainment Center, the Santa Clarita Performing Arts Center at College of the Canyons, and MB2 Entertainment. Paseos and bike paths stitch blocks to parks and shopping without breaking the quiet street grid. Views open toward the Santa Susana Mountains, with trailheads and open space close by.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Two-level units
Front street entrance
Bedrooms
Average 2-bedroom unit size: 1,091 (average)
Units include 2-bedroom and 1-bedroom configurations
Bathrooms
Some units have 1 full bathroom
Kitchen
No specific appliances listed
Laundry & utility
On-site community laundry area
Eight separate water meters, gas meters, and electric meters (separate utilities per unit)
Heating & cooling
Forced air heating
Exterior features
Corner lot
Landscaped grounds
Sprinkler system
No pool
Home design
Community apartment property (multi-unit)
Single building with two stories
No accessory dwelling unit
Parking
Eight parking/garage spaces (total)
Construction
Year built reported by assessor
Utilities
Public sewer
District/public water
HOA & community
Community apartment common interest
Financial info
Total building area: 8,730
Total number of units: 8
Gross scheduled income: $217,512
Gross income: $217,512
Total actual rent reported: $16,833
Actual rent (example unit type): $18,126
Net operating income: $154,948
Laundry income: $5,400
Operating expenses: $62,564
Expense breakdown includes: Fuel $4,500; Insurance $7,000; Water & Sewer $4,000; Electric $2,400; Trash $700
Other
Eight leased units
One building
Electricity and solar
View estimated energy costs and solar savings for this home
Prime 8 Unit Apartment Building situated in Santa Clarita. 4 units are 2 Bedroom & 1 Bathroom and 4 units are 2 Bedroom & a Den, with 1 Bathroom. The Property has been updated along the way and is in pristine condition. This is a rare and exceptional investment opportunity!
SDMLS #301767824
Mar 15, 2017
Sold
$2,200,000
$252/sq ft
Nov 8, 2016
Listed
$2,250,000
$258/sq ft
Prime 8 Unit Apartment Building situated in Santa Clarita. 4 units are 2 Bedroom & 1 Bathroom and 4 units are 2 Bedroom & a Den, with 1 Bathroom. The Property has been updated along the way and is in pristine condition. This is a rare and exceptional investment opportunity!
Prime 8 Unit Apartment Building situated in Santa Clarita. 4 units are 2 Bedroom & 1 Bathroom and 4 units are 2 Bedroom & a Den, with 1 Bathroom. The Property has been updated along the way and is in pristine condition. This is a rare and exceptional investment opportunity!
Public Records
Jan 27, 2011
Sold
$1,250,000
$143/sq ft
CRMLS #F1841665
Jan 31, 2011
Listing Removed
—
Jan 28, 2011
Sold
$1,250,000
$143/sq ft
Oct 19, 2010
Pending
—
Sep 28, 2010
Pending
—
Aug 31, 2010
Relisted
—
Aug 16, 2010
Pending
—
Apr 27, 2010
Listed
$1,299,000
$149/sq ft
Public Records
Feb 14, 1990
Sold
$680,000
$78/sq ft
Public Records
May 1, 1986
Sold
$505,000
$58/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$36,578 (+3.7%)
$1,160,584 + $1,392,699
$2,553,283
2024
$35,267 (+2.8%)
$1,160,584 + $1,392,699
$2,553,283
2023
$34,296 (+1.5%)
$1,137,828 + $1,365,392
$2,503,220
2022
$33,784 (+1.8%)
$1,115,518 + $1,338,620
$2,454,138
2021
$33,191 (+1.2%)
$1,093,646 + $1,312,373
$2,406,019
2020
$32,813 (+2.4%)
$1,072,202 + $1,286,641
$2,358,843
2019
$32,044 (+2.0%)
$1,061,208 + $1,273,449
$2,334,657
2018
$31,426 (+51.1%)
$1,040,400 + $1,248,480
$2,288,880
2017
$20,800 (+4.0%)
$331,170 + $1,048,709
$1,379,879
2016
$19,995 (+2.1%)
$331,170 + $1,048,709
$1,379,879
2015
$19,586 (+1.7%)
$324,677 + $1,028,147
$1,352,824
2014
$19,254 (+3.8%)
$313,537 + $992,867
$1,306,404
2012
$18,554 (+30.4%)
$312,120 + $988,380
$1,300,500
2011
$14,227 (+2.2%)
$306,000 + $969,000
$1,275,000
2010
$13,921 (+0.6%)
$193,854 + $782,635
$976,489
2009
$13,844 (+5.0%)
$192,406 + $776,786
$969,192
2008
$13,186
$192,864 + $778,632
$971,496
Public record
Public record
Zoning
Permits
Beds
16
Baths
8
Stories
—
Lot width
—
Lot depth
—
Lot size
0.28 Acres
Year renovated
1979
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
8,730
Year built
1979
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
2831005034
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 2026.
SP
Specific Plan Zone
The specific plan zoning designation identifies lands in the planning area that are governed by an adopted specific plan. Specific allowable uses, maximum intensity standards, and development standards shall be determined by the adopted specific plan.
Jul 30, 2021 • Active
Mep
Perform a PEX repipe for multiple units.
Plumbing
Jun 28, 2019 • Final
Building combo
Install a new window, a new door, and a deposit box slot in the storage area on the second floor of an existing apartment building.
Addition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
Newhall blends historic charm with modern living. It's home to Old Town Newhall’s shops, dining, and arts scene, plus great hiking in nearby Placerita Canyon. With easy freeway access and a Metro link station it is popular with commuters. It is Santa...