$3,125,000
-$125,00024522 Chestnut, Newhall CA 91321
Multi-Family (8 Units)
Property type
233 days
On market
$358
Price per sqft
8 cars
Garage
1979
Year built
12,093 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Chris Habitz DRE #01319877 818-314-0300, Howard Realty Group
Listing updated: May 6, 2026 at 04:32pm.
Last checked: Jun 5, 2026 at 03:00pm
Source: CRMLS #BB25229225
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 8 | 2 | 1 | 1 | $18,126 | $18,126 | $19,160 | Unfurnished |
# of Buildings: 1
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 8
Rent Control: No
Units Leased: 8
Total Actual Rent: $16,833
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
14.4x
List Price / Annual Gross Rent
Cap Rate
4.96%
NOI / List Price
Gross Scheduled Income: $217,512
Operating Expense: $62,564
Net Operating Income: $154,948
Annual Operating Expenses
Electric: $2,400
Fuel: $4,500
Insurance: $7,000
Professional Management: $0
Trash: $700
Water / Sewer: $4,000
Interior
Heating: Forced Air
Laundry: Common Area
Entry Location: Front Street Entrance
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Common Walls: No Common Walls
Lot Features: Corner Lot, Landscaped, Sprinkler System
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 8
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 2831005034
Additional Parcels: No
Tax Lot: 24
Tax Block: 11
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Suburban
Nearby Schools
Nearby schools around the 24522 Chestnut, Newhall, CA 91321. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,500,000
Total Interest
$3,188,612
Total Payment
$5,688,612
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$19,207
per month
Property History for 24522 Chestnut
Newhall Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91321.
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