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Listed by Howard Realty Group, Chris Habitz, Listing Contact: 818-314-0300 
2 Beds
1 Bath

$2,800,000

24522 Chestnut, Newhall CA, 91321

Property typeMulti-family

Overview

Active

Listed Oct 15, 2025

Updated 3 weeks ago

We are pleased to present the opportunity to acquire24522 Chestnut St., a prime multifamily investment opportunity located in the heart ofNewhall, just steps fromSanta Claritas 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 in1979and featuresspacious two-bedroom, one-bathroom unitsaveraging approximately1,091 square feet. Each unit offers a comfortable living space that appeals to long-term tenants seeking proximity toschools, shopping, dining, and entertainmentin a central, walkable location. Notably, the property isnot subject to the Los Angeles Rent Stabilization Ordinance (RSO)due to its construction date and is instead governed byCalifornias 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.

$18,628/mo

Est. mortgage payment based on a $2,800,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
BB25229225

Interior Features

Bedrooms
2
Bathrooms
1
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.28 Acres

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