24242 Pine Street

This Duplex features 1bed/1bath (downstairs) and 2bed/1bath (upstairs) is 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.