Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24242 Pine St Santa Clarita, CA 91321

    Sponsored
    For Sale
    $779,000

    MULTI_FAMILY - Santa Clarita, CA

    Property size:
    1,346 SF
    Lot size:
    0.07 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 22 at 8:06 pm

    Property Features for 24242 Pine St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    SCSP
    Rooms
    Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
    Bedrooms
    3
    Bathrooms
    2
    APN
    2831-015-013
    Parking
    6
    Parking features
    Driveway
    Size
    1,346 SF
    Lot size
    0.07 Acres

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1958
    Floors in Building
    2
    Number of units
    2

    We can help!

    Listing Contact
    Nathan Paterson

    Beverly and Company, Inc. (818) 342-4160

    Listing agent Nathan Paterson (818) 382-4160 License #02053157

    Listing date Feb 21, 2026

    MLS# 26654927

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Upgraded Duplex with ADU Potential

    This Santa Clarita duplex features a downstairs 1-bedroom, 1-bathroom unit and an upstairs 2-bedroom, 1-bathroom unit. 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. The property offers low maintenance, featuring new plumbing installed in 2025 and a roof with a remaining lifespan of over 15 years. Situated on a lot of 0.0716 acres, the property offers strong value-add potential with the ability to add two additional 1-bedroom, 1-bathroom units, converting it into a fourplex. The property is located minutes from the center of downtown Newhall and close to public transportation. The property is suitable for investors, house-hackers, or a 1031 exchange. The property size is 1346 square feet. The property is located in a fast-growing, highly walkable neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Building Supply Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clarita
    County
    Los Angeles
    State
    California
    Longitude
    -118.525635
    Latitude
    34.378563

    Nearby Similar for Sale

    • $2,350,000
      5,265 SF

      Canyon Country Multifamily Investment Opportunity

      Value-add 8-unit apartment building on a large lot.
      17717 Scherzinger Ln, Canyon Country, CA 91387
      View Details
    • $3,600,000
      11,970 SF

      Valencia Industrial Building For Sale

      Freestanding industrial building with office and warehouse space in Valencia.
      27641 Avenue Scott, Santa Clarita, CA 91355
      View Details
    • $3,999,950
      12,960 SF

      Renovated Commercial Building For Sale

      Multi-tenant investment property with street frontage in Canyon Country, CA.
      17734 Sierra Hwy, Canyon Country, CA 91351
      View Details
    • $465,000
      883 SF

      Newhall Condo with Canyon Views

      Two-bedroom condo in The Vistas with modern amenities and views.
      24420 Flaxwood Ln, Santa Clarita, CA 91321
      View Details
    • $729,999

      Remodeled Townhome in Vista Valencia

      Updated townhome with modern features, private patio, and community amenities.
      23130 Yvette Ln, Santa Clarita, CA 91355
      View Details
    • Contact for pricing
      100,000 SF

      Grocery Anchored Retail Center

      Prime retail spaces available in a high-traffic, grocery-anchored center.
      18571 Soledad Canyon Rd, Canyon Country, CA 91351
      View Details
    • $5,250,000
      14,943 SF

      Santa Clarita Mixed-Use Corridor Property

      Three buildings on a large lot in Santa Clarita.
      26011 Bouquet Canyon Rd, Santa Clarita, CA 91350
      View Details
    • Contact for pricing
      6,500 SF

      Santa Clarita Retail Drive-Thru Pads

      Drive-thru pads available with highway visibility in Santa Clarita Valley.
      14550 West Soledad Canyon Rd, Santa Clarita, CA 91321
      View Details
    • $625,000

      Upgraded Home in Gated Community

      Move-in ready 3-bedroom home with modern upgrades and community amenities.
      25403 Silver Crest Ct, Saugus, CA 91350
      View Details
    • $595,000
      1,445 SF

      Comfortable Townhome Near Plaza

      Corner unit townhome with easy access to the 14 freeway.
      18002 Flynn Dr, Canyon Country, CA 91387
      View Details
    • Contact for pricing
      80,000 SF

      New Retail Development For Sale

      New retail development with limited space available in Santa Clarita.
      Nwc Plum Cyn Rd And Skyline Rnch Rd, Santa Clarita, CA 91350
      View Details
    • $519,000
      1,132 SF

      Spacious Townhome with Wrap-Around Patio

      Three-bedroom townhome with upgraded kitchen and oversized patio.
      18728 Vista Del Canon, Santa Clarita, CA 91321
      View Details

    FAQs

    What type of property is this?
    Duplex - Santa Clarita duplex with upgrades, income potential, and ADU expansion.
    Where is this duplex located?
    The property is located at 24242 Pine St Santa Clarita, CA.
    What is the asking price?
    The asking price for this property is $779,000.
    What are key features of this property?
    This property features: - High Income Potential: Achieve a 6% cap rate with long-term rentals, or boost it to 8% with short-term rentals.; - Value-Add Opportunity: Add two more units (1bed/1bath) with strong ADU potential, converting to a fourplex and increasing the cap rate to +10% (building plans available).; - Upgraded Units: Both units feature ductless heating and air-conditioning, tankless water heaters, dual-pane windows, stainless steel appliances, wide-plank laminate flooring, and modern finishes (upgraded in 2021).
    (818) 382-4160
    Request Owner's contact information
    24242 Pine St Santa Clarita, CA 91321
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24242 Pine St
    Santa Clarita, CA 91321
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24242 Pine St Santa Clarita, CA 91321
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nathan Paterson
    Real Estate License ID: 02053157
    (818) 382-4160 (310) 422-1511
    Learn more
    Google sign-in failed. Please try again or use another login method.