Barry Schwartz Sells 9-Unit Multifamily Property On Walnut Street In Santa Clarita For $1.825M

The property involved in this transaction is a multifamily asset located at 24966 Walnut Street in Santa Clarita, featuring 9 units with a total square footage of 6,458. The property was sold for $1,825,000, resulting in a per unit price of $202,777 and a price per square foot of $282.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,825,000
• Units: 9
• Square Footage: 6,458
• Price Per Unit: $202,777
• Price Per Square Foot: $282
• Seller: Barry Schwartz
• Seller's Representative: Logan Ward, Glen Scher & Filip Niculete - Marcus & Millichap
• Market: Santa Clarita
• Date of Sale: 09/25/2025

The LAAA Team of Marcus & Millichap successfully facilitated this transaction after generating multiple offers shortly after listing. The property was acquired by a local, high-income all-cash buyer within 43 days of being placed on the market. This sale marks the team's first year-end investment property sale structured to take advantage of the 100% bonus depreciation law enacted on July 4, 2025. Santa Clarita is noted for its limited multifamily inventory and high barriers to entry, leading to strong competition in the apartment market.