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Property profile & analytics
OFF-MARKET
Estimated value
$5,070,000
Apartment buildings
24969 Walnut St Santa Clarita, CA 91321-1058
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6185768
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
WOOD
Total area
20,606 SF
Lot
0.55 ac (23,924 SF)
Zoning code
SCUR3
APN
2855-009-004
UPID
US09-6185768
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Green Power Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.92M
CAP Approach
CAP
$4.80M
Comparable Approach
Comparable
$6.42M
Blend (final)
Blend
$5.07M
Owner & transaction history
Newhall Bliss LLC · 5 yrs held
Newhall Bliss LLC
since 2021
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
SCUR3 · Santa Clarita, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.4M
+101.0%
Office building
$8.2M
+95.5%
Warehouse, storage
$6.6M
+56.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Clarita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Clarita submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,890,000
ML approach
$4,920,000
CAP Approach
CAP Return
Estimation
6%
$5,195,000
6.5%
$4,795,000
7%
$4,455,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,175,000
Current use
AUTO REPAIR, GARAGE
$8,395,000
Change: +101% · Conversion: Difficult
OFFICE BUILDING
$8,165,000
Change: +96% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,550,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$5.07M
Range $4.56M – $5.58M · ±10% · vs last sale $5.37M (Feb 9 2021)
Last sale anchor
$5.37M
Feb 9 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$246 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$83,416
Tax year 2024
Assessed value
$5,693,380
Assessed 2024
Previous assessed
$5,693,380
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$2,509,756
Assessed improvement
$3,183,624
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
24
Bathrooms
33
Total area
20,606 SF
Lot
0.55 ac (23,924 SF)
Zoning code
SCUR3
APN
2855-009-004
UPID
US09-6185768
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SCUR3 · Santa Clarita, CA
Zoning SCUR3 · permitted uses
SCUR3 · Santa Clarita, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Clarita. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$8.4M
OFFICE BUILDING
Est. value
$8.2M
WAREHOUSE, STORAGE
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
24
Bathrooms
33
Lot
0.55 ac
Current owner
From public records · entity-resolved
Newhall Bliss LLC
Entity
Mailing address
1880 CENTURY PARK E STE #800, LOS ANGELES, CA 90067-1627
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2023
—
Newhall Bliss LLC
—
Deed
related
$25,000,000 · Cathay Bank
Feb 9, 2021
$5,365,500
Newhall Bliss LLC
Xenon Investment Corp
Grant Deed
$24,640,000 · Cbre Capital Markets INC
Dec 28, 2018
—
Xenon Investment Corp
—
Deed
related
$3,770,000 · Banner Bank
Jul 31, 2018
—
Xenon Investment Corp
Loox,michael & Sindy J
Quit Claim Deed
related
$3,500,000 · Lone Oak Fund
Aug 30, 2013
—
Xenon Investment Corp
Xenon Investment Corp
Quit Claim Deed
related
$2,550,000 · First Foundation Bank
Aug 8, 2008
$1,156,000
Xenon Investment Corp
Xenon Investment Corp
Grant Deed
related
$2,362,000 · Pnc Arcs LLC
May 17, 2006
$2,800,000
Xenon Investment Corp
Elms Apartments
Grant Deed
$2,100,000 · Commercial Capital Bank Fsb
Jan 18, 1971
—
—
—
Grant Deed
related
—
—
—
Apartments Elms
—
Deed Of Trust
related
$930,000 · American Savings Bank
—
—
Xenon Investment Corp
—
Deed Of Trust
related
$2,000,000 · Mara Ents
—
—
Elms Apts
—
Deed Of Trust
related
$87,300 · Us Small Business Admn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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