28
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$799,000
Est. payment /mo
3 Beds
2 Baths
1,346 SqFt
New
24242 Pine ST Newhall, CA 91321
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,346 sqft
Price per Sqft $593
MLS Listing ID 25597163
Bedrooms 3
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1958
Lot Size 3,118 Sqft
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 Dnew - Downtown Newhall
Zoning SCSP
Interior
Fireplace No
Appliance Refrigerator
Laundry In Kitchen, Stacked
Exterior
Parking Features Driveway
Total Parking Spaces 6
Building
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 2831015013
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=TdTyo5EGX2N
Listed by Nathan Paterson Beverly and Company, Inc.
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Chrystal & David Schoenbrun
Realtor/Broker Associate | License ID: 01409474 & 01761327