Updated Oct 23, 2026
SOLDMultiFamily
Clint Sallee Purchases Seven-Unit Multifamily Property From Kyle Macleod For $1,665,000 In Santa Clarita
24802 Walnut Street
$1,665,000
$285/SF
Building Size
5,842 SF
Asset Type
MultiFamily
Closing
Oct 14, 2026
About this deal
AI
The asset involved in the transaction is a seven-unit multifamily property located at 24802 Walnut Street in Santa Clarita. The sale price of the property was $1,665,000, reflecting a price per unit of $237,857. The total square footage of the property is 5,842, with a price per square foot of $285. The property sits on a lot size of 11,325 square feet and was originally built in 1978.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,665,000
- Buyer: Clint Sallee
- Seller: Kyle Macleod
- Number of Units: 7
- Square Feet: 5,842
- Price per Unit: $237,857
- Price per Square Foot: $285
- Broker Representation: Filip Niculete, Glen Scher & Logan Ward - The LAAA Team - Marcus & Millichap
- Lot Size: 11,325 square feet
- Original Ownership Duration: Nearly five decades
- Unit Mix: Diverse
- Parking: Gated parking with five two-car garages
- Future Potential: Value-add potential
The transaction was facilitated by The LAAA Team of Marcus & Millichap, composed of Filip Niculete, Glen Scher, and Logan Ward. The property was held by the original ownership family prior to the sale, indicating a long history with the asset. The team is known for their expertise in real estate transactions within the multifamily market.
On the Map
$1,665,000
$285/SF
MultiFamily
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Players
Newhall MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.53%
Cash-on-Cash
-2.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93