8620 Lubao Avenue
Winnetka, CA, 91306
$1,850,000
Beds
0 Baths
SqFt
0.19 Acres
Add
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!

Property Details

Price:
$1,850,000
MLS #:
SR25040100
Status:
Active
Baths:
0
Address:
8620 Lubao Avenue
Type:
Residential Income
Subtype:
Single Family Residence
Neighborhood:
winwinnetka
City:
Winnetka
Listed Date:
Jan 29, 2025
State:
CA
ZIP:
91306
Lot Size:
8,198 sqft / 0.19 acres (approx)
Year Built:
2023
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Cooling
Central Air
Heating
Central

Exterior

Community Features
Sidewalks, Storm Drains, Street Lights
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Neighborhood
Water Source
Private

Financial

Association Fee
0.00
Tenant Pays
All Utilities

Map

Community

Similar Listings Nearby

8620 Lubao Avenue
Winnetka, CA