24846 Walnut Street, Santa Clarita, CA 91321

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...