| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 42nd | Fair |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 24934 Walnut St, Newhall, CA, 91321, US |
| Region / Metro | Newhall |
| Year of Construction | 1985 |
| Units | 32 |
| Transaction Date | 2001-01-03 |
| Transaction Price | $343,000 |
| Buyer | ELLIS GEORGE L |
| Seller | HERITAGE GROUP 1 INC |
24934 Walnut St, Newhall CA Multifamily Investment
Positioned in a renter-heavy Los Angeles metro neighborhood with stable occupancy, this 32-unit asset benefits from strong local amenity density and a high-cost ownership market, according to WDSuite’s CRE market data.
Newhall sits within the Los Angeles-Long Beach-Glendale metro and scores a B+ neighborhood rating, indicating balanced fundamentals for multifamily. Amenity access is a clear strength: restaurant and café density ranks in the top quartile nationally, and grocery/pharmacy access also tests well above national medians. This level of day-to-day convenience supports tenant retention and leasing velocity for workforce and middle-income renters.
Neighborhood occupancy is solid and above national midpoints, while the share of renter-occupied housing is high at roughly seven in ten units. That depth of renter demand, combined with competitive average NOI per unit (above most neighborhoods nationally), points to durable cash-flow characteristics versus many Los Angeles submarkets, based on CRE market data from WDSuite.
Within a 3-mile radius, demographics show modest recent population growth and a rising household count, with projections indicating more households even as average household size trends lower. For investors, a shift toward smaller households can expand the renter pool and support occupancy stability. Median incomes in the 3-mile area are comparatively strong and have grown meaningfully, which helps underpin rent levels while giving operators room to manage renewal pricing thoughtfully.
Ownership costs in the neighborhood are elevated relative to national norms, and neighborhood rents register above the U.S. median. In practice, the high-cost ownership landscape reinforces reliance on multifamily housing, supporting demand depth; at the same time, rent-to-income ratios near the upper end require attentive lease management to maintain retention. Local schools average around 3.0 out of 5—adequate for family renters seeking access to amenities and employment corridors across the Santa Clarita Valley and the broader LA region.
Safety metrics for the neighborhood trend near the national midpoint overall, with recent year-over-year declines in both violent and property offense rates. Nationally benchmarked percentiles indicate conditions that are neither among the highest-risk nor top-tier safe areas, but the direction of change has been favorable with double-digit reductions, which can support investor confidence in tenant retention and long-term operations.
As always in urban Los Angeles contexts, performance can vary by block and over time. Operators should align security measures and resident engagement with observed trends, using WDSuite’s CRE market data as a reference point for comparative analysis against peer neighborhoods nationwide.
Nearby corporate offices anchor a diversified employment base that supports commuter convenience and multifamily demand, including AmerisourceBergen, Boston Scientific Neuromodulation, Thermo Fisher Scientific, Farmers Insurance Exchange, and Charter Communications.
- AmerisourceBergen — pharmaceuticals distribution (3.96 miles)
- Boston Scientific Neuromodulation — medical devices (5.40 miles)
- Thermo Fisher Scientific — life sciences (12.66 miles)
- Farmers Insurance Exchange — insurance (14.51 miles) — HQ
- Charter Communications — telecommunications (17.01 miles)
Built in 1985, the property is newer than the neighborhood’s average housing vintage, offering relative competitiveness against older stock while leaving room for targeted system upgrades and value-add renovations. The immediate neighborhood shows solid occupancy, a high share of renter-occupied housing, and strong amenity density—all supportive of day-to-day leasing and renewal performance. According to CRE market data from WDSuite, neighborhood income performance per unit is competitive nationally, while elevated home values in this part of Los Angeles County tend to sustain renter reliance on multifamily.
Within a 3-mile radius, household growth and higher median incomes expand the tenant base even as household sizes trend smaller—factors that can support occupancy stability and measured rent growth over time. Operators should balance this demand backdrop with prudent affordability and retention management given rent-to-income considerations and typical LA operating costs.
- 1985 vintage offers competitive positioning versus older local stock with targeted modernization potential
- Solid neighborhood occupancy and high renter-occupied share support durable leasing
- Strong amenity access and diversified nearby employers underpin retention
- Elevated ownership costs reinforce multifamily demand and pricing power
- Risk: rent-to-income pressures and LA operating costs require proactive renewal and expense management