Winnetka, CA 91306,8620 Lubao AVE
Winnetka, CA 91306,8620 Lubao AVE
Winnetka, CA 91306,8620 Lubao AVE
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$1,850,000
Est. payment /mo
8,197 Sqft Lot
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UPDATED:

02/24/2025 05:39 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25040100

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 2023

Lot Size 8,197 Sqft

Property Sub-Type Single Family Residence

Property Description

Achieving an impressive monthly revenue of $11,400 (!!) per month, 3 residences on one lot! Main house features of 3 bedrooms and 4 bathrooms, generates $4750 another unit features 3 bedrooms and 2 bathrooms generates $4,350 monthly income and one more unit that features 1 bedroom and 1 bathroom that generates $2300 per month. 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.
This beautifully remodeled property at 8620 Lubao Ave in Winnetka presents an exceptional investment opportunity. Featuring a stunning main residence along with two additional private units, this property seamlessly combines modern amenities with outstanding rental income potential.

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 Win - Winnetka

Zoning LARS

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Storm Drain(s), Street Lights, Sidewalks

View Y/N Yes

View Neighborhood

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Private

Level or Stories One

New Construction Yes

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 2782015005

Acceptable Financing Cash, Conventional, Contract

Listing Terms Cash, Conventional, Contract

Special Listing Condition Standard


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California Regional MLS (CRMLS)
Listed by Shira Dunn • Keller Williams Luxury • 424-653-0560

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agent

Lisa Kirshner

+1(424) 214-0133

Agent | DRE 01159728 | 01965657

Agent DRE 01159728 | 01965657

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