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About This Home
This 2-bedroom, 1-bathroom multi-family at 24522 Chestnut in Newhall, CA is listed for $3,125,000 ($358 per sqft). Built in 1979, the home offers 8,730 sqft of living space on a 0.28 acres lot.
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.
Key Features
- Built in 1979
- 0.28 acre lot
- 2 stories
- 8 parking spaces
Property Details
Monthly Cost Estimate
$16,713/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
24522 Chestnut
Newhall, CA 91321
Features & Amenities
Exterior Features
Property Details
Heating
Questions & Answers
This 2-bedroom, 1-bathroom multi-family at 24522 Chestnut is listed at $3,125,000 ($358/sqft). The estimated monthly payment is $13,542 based on 20% down at 6.5% interest.
Key features include: Built in 1979, 0.28 acre lot, 2 stories, 8 parking spaces. Exterior Features: Community Features Included: Suburban, Corner Lot, Landscaped.
This property is listed by Chris Habitz and can be reached at 8183140300 or Chris.habitz@gmail.com.