Winnetka, CA 91306,8620 Lubao Avenue
Winnetka, CA 91306,8620 Lubao Avenue
Winnetka, CA 91306,8620 Lubao Avenue
Winnetka, CA 91306,8620 Lubao Avenue
Winnetka, CA 91306,8620 Lubao Avenue
Winnetka, CA 91306,8620 Lubao Avenue
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$ 1,775,000
Est. payment | /mo

7 Beds

7 Baths

8,198 Sqft Lot


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$ 1,775,000
Est. payment | /mo
Save

7 Beds

7 Baths

8,198 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25141452

Bedrooms 7

HOA Y/N No

Lot Size 8,198 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

This exceptional income property offers the potential to generate approximately $11,1500 (!!!) per month in rental income across 3 separate addresses on one lot. With great tenants already in place in 2 of the units, the income breakdown is as follows: one 3-bedroom, 2-bathroom unit currently brings in $4,350/month, and the 1-bedroom, 1-bathroom unit brings in $2,300/month. The main house, featuring 3 bedrooms and 4 bathrooms, is currently vacant but has the potential to command $4,500/month, bringing the total projected income to $11,150/month once fully occupied. Tenant pays ALL UTILITIES. Landlord will have ONLY property tax and insurance to pay. Buy this property now and start calling rent IMMEDIATELY!! Great tenets in place, beautiful and clean, family oriented neighborhood. The main house boasts incredible curb appeal and a thoughtfully updated open-concept floor plan, complete with recessed lighting and new flooring throughout. The bright and spacious living room is bathed in natural light, creating an inviting atmosphere, including direct access to a beautifully landscaped backyard, perfect for morning coffee, weekend gatherings, or BBQs. The contemporary all-white and neutral kitchen features ample cabinetry, generous counter space, brand-new stainless steel appliances, a stylish island, and an adjacent dining area. New central air and heating ensure year-round comfort. The home offers 3 bedrooms and 4 bathrooms, Additionally, the property includes two accessory dwelling units with separate addresses, maximizing rental income potential. The JADU is a well-designed
This exceptional income property offers the potential to generate approximately $11,1500 (!!!) per month in rental income across 3 separate addresses on one lot. With great tenants already in place in 2 of the units, the income breakdown is as follows: one 3-bedroom, 2-bathroom unit currently brings in $4,350/month, and the 1-bedroom, 1-bathroom unit brings in $2,300/month. The main house, featuring 3 bedrooms and 4 bathrooms, is currently vacant but has the potential to command $4,500/month, bringing the total projected income to $11,150/month once fully occupied. Tenant pays ALL UTILITIES. Landlord will have ONLY property tax and insurance to pay. Buy this property now and start calling rent IMMEDIATELY!! Great tenets in place, beautiful and clean, family oriented neighborhood. The main house boasts incredible curb appeal and a thoughtfully updated open-concept floor plan, complete with recessed lighting and new flooring throughout. The bright and spacious living room is bathed in natural light, creating an inviting atmosphere, including direct access to a beautifully landscaped backyard, perfect for morning coffee, weekend gatherings, or BBQs. The contemporary all-white and neutral kitchen features ample cabinetry, generous counter space, brand-new stainless steel appliances, a stylish island, and an adjacent dining area. New central air and heating ensure year-round comfort. The home offers 3 bedrooms and 4 bathrooms, Additionally, the property includes two accessory dwelling units with separate addresses, maximizing rental income potential. The JADU is a well-designed 1-bedroom, 1-bathroom unit featuring a full kitchen with ample cabinets and counter space, new appliances, recessed lighting, laminate flooring, an efficient air and heating system, a private washer and dryer, and a charming front yard. The full ADU, located at the rear of the lot for maximum privacy, offers a spacious 3-bedroom, 2-bathroom layout with a modern kitchen, recessed lighting, wood flooring, and direct access to a generous backyard that wraps around the home. Ideally located near Westfield Topanga Mall, dining, shopping, movie theaters, Pierce College, parks, and recreational areas, with convenient access to the 101 Freeway, this property is a rare find with incredible income potential!

Location

State CA

County Los Angeles

Area Winnetka (91306)

Zoning Builder

Interior

Cooling Central Forced Air

Building

Lot Description Sidewalks

Story 1

Lot Size Range 7500-10889 SF

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional, Land Contract

Listing Terms Cash, Conventional, Land Contract

San Diego Regional MLS (SDMLS)
Listed by Shira Dunn • Keller Williams Luxury
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 933-7219

jesse@thekleinteam.org

1420 Kettner Blvd, Diego, CA, 92101, United States

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8620 Lubao Avenue