The Elms Apartments 24966 Walnut St Immeuble residentiel 9 lots 1 686 314 € (187 368 €/Lot) Taux de capitalisation 4,91 % Newhall, CA 91321

24966 Walnut Street offers investors a rare chance to acquire a nine-unit multifamily property in the heart of Santa Clarita, one of Los Angeles County’s most desirable and rapidly developing suburban markets. Featuring all two-bedroom, one-bathroom floor plans, the property delivers an ideal layout for working families and long-term renters, generating $13,525 per month in gross rental income. With below-market rents across the board, the asset presents clear potential for substantial income growth through targeted renovations and repositioning.

Constructed in 1962 and totaling 6,458 square feet, the building is situated on a quiet residential street and has been home to long-term tenants, many of whom are paying significantly under market rates. Located within the City of Santa Clarita—which has no local rent control—new ownership can take advantage of full flexibility to adjust rents to market levels as units turn over, subject only to California’s AB 1482 guidelines. The combination of stable in-place income and meaningful value-add potential makes this an exceptional opportunity for both cash flow and long-term appreciation.

Positioned in a high-income, high-growth suburban community, the property benefits from proximity to major job centers, new development, and convenient transportation options. Santa Clarita is home to a strong and diversified economy, anchored by industries such as entertainment, healthcare, and education. Nearby attractions include Disney’s Golden Oak Ranch and extensive film studio infrastructure, further boosting housing demand from industry professionals. With a family-friendly atmosphere, excellent schools, and a growing population, this location offers a compelling backdrop for sustained rental demand and long-term investor success.