24242 Pine Street, Newhall, CA 91321
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Listed Price :
$749,900
-
Beds :
3
-
Baths :
2
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Property Size :
1,346 sqft
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Year Built :
1958
Property Description
Excellent investment opportunity with the flexibility to live in one unit while renting out the other. Minutes from the center of downtown Newhall and close to public transportation. The upper unit features 2 bedrooms and 1 bathroom, while the lower unit offers 1 bedroom and 1 bathroom. The lower unit can be delivered vacant, offering the flexibility for either long-term rental or short-term use such as Airbnb. Both units have been upgraded with two ductless heating and air-conditioning systems, stainless steel appliances, wide-plank laminate flooring, elegant white cabinetry, and modern finishes. Each unit also includes two dedicated parking spaces. This duplex offers a 7% cap rate with long-term rentals or the potential for immediate cash flow through short-term rentals. This property presents strong value-add potential with the ability to add two more units, converting it into a fourplex and boosting the cap rate to 12% (building plans available upon request). Conveniently located near shopping, schools, restaurants, and the redeveloping downtown Newhall, this property is packed with potential. Whether you're an investor looking to lease or a homeowners interested in reducing their mortgage by renting out one unit, this duplex is a must-see!
Interior Features
| Laundry Information |
| Location(s) |
In Kitchen, Stacked |
| Bedroom Information |
| Bedrooms |
3 |
| Bathroom Information |
| Features |
Remodeled |
| Bathrooms |
2 |
Listing Information
| Address |
24242 Pine Street |
| City |
Newhall |
| State |
CA |
| Zip |
91321 |
| County |
Los Angeles |
| Listing Agent |
Nathan Paterson DRE #02053157 |
| Courtesy Of |
Beverly and Company, Inc. |
| List Price |
$749,900 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
1,346 |
| Lot Size |
3,121 |
| Year Built |
1958 |
Listing information courtesy of: Nathan Paterson, Beverly and Company, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Apr 8th, 2025 at 1:45 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
