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$4,200,000
25 Beds ⋅ 24 Baths ⋅ 26867777 MLS ⋅ Active Status
On the market for the first time in nearly 40 years, this 16-unit apartment community on Walnut Street represents a rare opportunity to acquire a well-establishedresidential asset in one of Northern Los Angeles County's fastest-growing and most well-planned communities. The property was built and owned by the same familysince its development in 1985, and is now being offered by the original owner's children. Long-term family stewardship of this kind is increasingly rare in today'smultifamily market, and the result is exactly what an experienced investor would hope to find: an asset with a stable operational history, an established tenant base,and rents that have drifted meaningfully below what the market will bear.The property sits on a 0.55-acre site totaling 15,656 rentable square feet, with a unit mix weighted toward spacious one- and two-bedroom floor plans that average979 square feet well above the typical workforce apartment in this submarket. In-place rents trail current market rates by a meaningful margin across the majorityof the unit mix, and the path to stabilized performance is driven entirely by natural rent normalization as tenancy turns over under new ownership.Located approximately 30 miles north of downtown Los Angeles along the I-5 and SR-14 corridors with convenient access to employment centers in Los Angeles,the San Fernando Valley, and surrounding counties Santa Clarita is known for its family-friendly neighborhoods, expansive open spaces, and strong local economy.One of the largest and most dynamic cities in Southern California, it offers a suburban lifestyle with modern amenities while maintaining close ties to the greaterLos Angeles area. The city is home to a wide range of parks, trails, and recreational facilities, including the extensive Santa Clarita Trail System, as well as majorregional attractions like Six Flags Magic Mountain. Seasonal festivals, farmers markets, and a strong tradition of civic engagement give Santa Clarita a welcoming,community-oriented identity that continues to attract long-term residents and new arrivals alike. Walnut Street sits at the center of this established residential fabric a corridor that has supported stable occupancy at this property for four decades.

24846 Walnut Street, Santa Clarita
$4,200,000
8 Beds ⋅ 11 Baths ⋅ 24451993 MLS ⋅ Closed Status
Welcome to Laroca Villa and Ranch, located in the exclusive neighborhood of Sand Canyon in Santa Clarita. Spanning over 15 acres, this private, gated Spanish Hacienda estate offers breathtaking panoramic views, rolling hills, a gated entry with security booths, multi-tiered grounds, lush landscaping and plenty of land to further develop. The main house is a beautiful Spanish Colonial which has been partially renovated and restored along with a separate guest house. Inside, the spacious layout boasts high ceilings, enhancing the sense of openness. The elegant moldings reflect the meticulous craftsmanship throughout. The formal living and dining rooms are perfect for entertaining, while the cozy family room offers a more intimate space for relaxation. The outdoor entertainment areas are designed to host events for hundreds of guests, making it perfect for large gatherings or even film productions. In the back, the resort-style pool area boasts several waterfalls, a waterslide, a spa/grotto, and numerous patio spaces, complete with a fireplace. There are so many options for what you could do on all the ranch acreage including bringing your horses in, building a vineyard, or just planting some fruit producing trees. Secluded but also not too far from city life it is only 34 miles from Beverly Hills. This is your chance to own your own piece of paradise!

26505 Josel Drive, Santa Clarita

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.