Newhall Duplex with Updated
For Sale
$655,000
Pending
24047 Arch St, Newhall, CA 91321
Duplex in Downtown Newhall with updated vacant unit.
Property Size1,258 SF
Days on Market192
Property Features for 24047 Arch St
General Information
Standard status
Pending
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: Oct 25
Last Checked: Nov 1 at 5:42AM
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
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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 / Yr
$21,244
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,880
$424.9K
Cap Rate 7%
$303,486
$303.5K
Cap Rate 9%
$236,044
$236.0K
Market Conditions
NOI Build-Up for 1,258 SF
Gross rent
$31.7K $25.20/SF
− Vacancy
−$1.4K −$1.08/SF
EGI
$30.3K $24.12/SF
− OpEx
−$9.1K −$7.24/SF
NOI
$21.2K $16.89/SF
Area
Santa Clarita, CA
Vacancy
4.27%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,880
Cap Rate 7%
$303,486
Cap Rate 9%
$236,044
Alternative Uses
Best Use
Multifamily LT 5
$303.5K
$265.6K – $354.1K
NOI $21,244 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$271.9K
$237.9K – $317.2K
NOI $19,030 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$315.3K
$275.9K – $367.8K
NOI $22,069 @ 7.0% cap · market cap 3.37%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
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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
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.**
