24242 Pine St Active Save Request In-Person Tour Request Virtual Tour
Newhall,CA 91321
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,346 sqft
Price per Sqft $593
MLS Listing ID 25597163
Bedrooms 3
Year Built 1958
Lot Size 3,121 Sqft
Property Sub-Type Multi-Family
Property Description
This Duplex features 1bed/1bath (downstairs) and 2bed/1bath (upstairs) all delivered vacant and ready to go for immediate leasing or owner-use flexibility. 2.75% ASSUMABLE LOAN available for owner occupants. Both units were upgraded in 2021 with two ductless heating and air-conditioning systems per unit, tankless water heaters, dual-pane windows, stainless steel appliances, wide-plank laminate flooring, and modern finishes. This property offers low maintenance, featuring new plumbing installed in 2025 and a roof with a remaining lifespan of over 15 years. This duplex offers a 6% cap rate with long-term rentals or 8% cap rate through short-term rentals. This property presents strong value-add potential with the ability to add two more units (1bed/1bath), converting it into a fourplex and boosting the cap rate to +10% (building plans available upon request). Minutes from the center of downtown Newhall and close to public transportation. Whether you're an investor or a homeowners interested in reducing their mortgage by renting out one unit, this duplex is a must-see! With no Mello-Roos and no HOA, you ll benefit from lower carrying costs. Ideal for investors, house-hackers, or a 1031 exchange, this is a great multi-unit in a fast-growing, highly walkable neighborhood.
Location
State CA
County Los Angeles
Area Downtown Newhall
Zoning SCSP
Rooms
Other Rooms None
Interior
Heating Other
Cooling Wall Unit(s)
Equipment Refrigerator, Range/Oven, Stackable W/D Hookup
Laundry Laundry Closet Stacked, In Kitchen
Exterior
Parking Features Driveway
Garage Spaces 6.0
Others
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=TdTyo5EGX2N