Newhall Duplex with Updated
For Sale
$655,000
24047 Arch St, Newhall, CA 91321
Duplex in Downtown Newhall with updated vacant unit.
Property Size1,258 SF
Days on Market146
Property Features for 24047 Arch St
General Information
Standard status
Active
Size
1,258 SF
Property subtype
Investment
Building Details
Building Size
1,258 SF
Year Built
1963
Stories
1
Units
2
Listing Agency:
Realty Executives Homes
Listed By:
Mary Ruiz · License #01325024
(661) 286-8600
Source:
Elliman
Added: Apr 24
Changed: Sep 3
Last Checked: Sep 15 at 6:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives Homes
Investment Insights
Based on property information with market context.
This duplex is located in the heart of Downtown Newhall and features two separate addresses: 24047 Arch St and 24047 ½ Arch St. The property contains two 1-bedroom, 1-bath units, suitable for either an owner-user or an investor seeking income potential. One unit is currently tenant-occupied. The second unit is vacant and has been recently updated with fresh interior paint, new laminate flooring, a reglazed bathtub, a new stove, smooth ceilings, an updated bathroom vanity, new molding, cabinet pulls, lighting, and a ceiling fan. The exterior of both units has also been recently painted. The property is located minutes from the 5 freeway and in close proximity to the Laemmle Theatre, Newhall Library, local restaurants, bakeries, and shops.
Key Highlights
- Special loan program eligibility with no income limits, up to $7,500 for closing costs, as little as 5% down, and no PMI.
- Duplex in the heart of Downtown Newhall with two separate addresses.
- One unit is vacant and recently updated with fresh paint, new flooring, reglazed bathtub, new stove, smooth ceilings, updated vanity, new molding, cabinet pulls, lighting, and ceiling fan.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,325
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$566,500
$566.5K
Cap Rate 7%
$404,643
$404.6K
Cap Rate 9%
$314,722
$314.7K
Market Conditions
NOI Build-Up for 1,258 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.3K $33.60/SF
− Vacancy
−$1.8K −$1.43/SF
EGI
$40.5K $32.17/SF
− OpEx
−$12.1K −$9.65/SF
NOI
$28.3K $22.52/SF
Area
San Jose, CA
Vacancy
4.27%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$566,500
Cap Rate 7%
$404,643
Cap Rate 9%
$314,722
Alternative Uses
Best Use
Multifamily LT 5
$404.6K
$354.1K – $472.1K
NOI $28,325 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$373.8K
$327.1K – $436.1K
NOI $26,166 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$759.7K
$664.8K – $886.4K
NOI $53,182 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 91321, CA
33,560
Population
11,257
Households
3
Avg Household Size
37
Median Age
31%
College-Educated
84%
High-School Grad
26.7 sq mi
ZIP Area
1,257
Density / Sq Mi
$93,281
Median Household Income
$40,544
Median Earnings
$2,135
Median Rent
$654,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Downtown Newhall with updated vacant unit.
Where is this duplex located?
The property is located at 24047 Arch St Newhall, CA.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Special loan program eligibility with no income limits, up to $7,500 for closing costs, as little as 5% down, and no PMI.; Duplex in the heart of Downtown Newhall with two separate addresses.; One unit is vacant and **recently updated with fresh paint, new flooring, reglazed bathtub, new stove, smooth ceilings, updated vanity, new molding, cabinet pulls, lighting, and ceiling fan.**
