$2,800,000

We are pleased to present the opportunity to acquire24522 Chestnut St., a prime multifamily investment opportunity located in the heart ofNewhall, just steps fromSanta Clarita s rapidly redeveloping Old Town Newhall District one of the city's most vibrant and in-demand rental markets. This well-maintained, eight-unit apartment building was constructed in1979and featuresspacious two-bedroom, one-bathroom unitsaveraging approximately1,091 square feet. Each unit offers a comfortable living space that appeals to long-term tenants seeking proximity toschools, shopping, dining, and entertainmentin a central, walkable location. Notably, the property isnot subject to the Los Angeles Rent Stabilization Ordinance (RSO)due to its construction date and is instead governed byCalifornia s AB 1482, which allows for more favorable annual rent increases compared to older, rent-controlled assets. Brokers and their agents provide no warranties or representations about the Property's condition, and both Buyer and Seller should rely on their own investigations.