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24242 Pine St
For Sale $779,000 ($578.75 per Sq Ft)
$779,000 ($578.75 per Sq Ft)
- 3 Bedrooms
- 2.00 Bathrooms
- 1,346 Sq Ft
- 3,121 Sq Ft
Description
**ASSUMABLE LOAN of 2.75%**** This Duplex features 1bed/1bath (downstairs) and 2bed/1bath (upstairs) all delivered vacant and ready to go for immediate leasing or owner-use flexibility. 2.75% ASSUMABLE LOAN available only if occupied as primary residence. Both units were upgraded in 2021 with two ductless heating and air-conditioning systems per unit, tankless water heaters, dual-pane windows, stainless steel appliances, wide-plank laminate flooring, and modern finishes. This property offers low maintenance, featuring new plumbing installed in 2025 and a roof with a remaining lifespan of over 15 years. This duplex offers a 6% cap rate with long-term rentals or 8% cap rate through short-term rentals. This property presents strong value-add (ADU) potential with the ability to add two more units (1bed/1bath), converting it into a fourplex and boosting the cap rate to +10% (building plans available upon request). Minutes from the center of downtown Newhall and close to public transportation. Whether you're an investor or a homeowners interested in reducing their mortgage by renting out one unit, this duplex is a must-see! With no Mello-Roos and no HOA, you ll benefit from lower carrying costs. Ideal for investors, house-hackers, or a 1031 exchange, this is a great multi-unit in a fast-growing, highly walkable neighborhood. Click link for 3D Tours. Contact Nate to schedule a showing. ADU plans available upon request.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $779,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 1,346 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1958 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2831015013 |
| MLS # | 25597163 |
| Property ID | 322211182 |
| Lot Sqft | 3,121 |
| Zoning | SCSP |
| Total Units | 2 |
| Days on Market | 134 |
| Original List Price | $799,000 |
| Date Updated | January 30, 2026 |
| Date Created | September 26, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $2,200 | $2,200 |
| Unit #2 | 2 | 1.00 | $2,300 | $2,500 |
| Gross Income (Yr) | $ 0 |
| Operating Expenses | $ 10,000 |
| Net Income (Yr) | $ 44,000 |
| Cap Rate | 5.50% |
Listing Provided By
Nathan Paterson an agent of . Lic #02053157
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Contact Agent
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Showing Agent
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- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT