8620 Lubao Ave - Multi-Family FOR SALE


Winnetka, CA 91306
$1,849,000 USD
424-653-0560
8620 Lubao Ave, Winnetka, CA for Sale
$1,849,000 USD
Multi-Family - FOR SALE
1/1
null | 6.76% Cap Rate

8620 Lubao Ave
Winnetka, CA 91306


HIGHLIGHTS

  • Impressive Monthly Income
  • Open-Concept Floor Plan
  • Close Proximity to Retail/Restaurant Amenities

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,849,000 USD

PRICE/SF

$564 USD /SF

# OF UNITS

3

PRICE/UNIT

$616,333

CAP RATE

6.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,195 SF

ZONING

LARS

APN/PARCEL ID

2782-015-005

ASK ABOUT THIS PROPERTY

Shira DunnKeller Williams Coastal PropMore Info
424-653-0560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Shira DunnKeller Williams Coastal PropMore Info
424-653-0560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.