Thank you
Timothy Freund
Engel & Voelkers, Westlake Village
818-889-1602
Rare opportunity to own a cash flowing compound! Currently all three units are rented. Drive by only, please do not disturb occupants. Main house is nearly 1,700 SF and features 4 beds (3+open office), 3 baths, a breezeway that attaches to a 2 car garage. Remodeled in 2020 including a new roof and electrical panels, the home features quartz counters and stainless appliances, luxury vinyl plank floors, wood windows and a lovely fully fenced yard. Current lease runs through 3/25. Behind the garage is 7756 and 7756 1/2 Delco Ave. a fully permitted 1200 SF 2 story ADU that has been split into two apartments. 7756 1/2 is the smaller second floor apartment and is 500 square feet with an eat in kitchen, private laundry, 2 bedrooms and 1 bath and offers a huge enclosed patio. This unit has its own water heater and HVAC all new in 2020. Lease runs through 8/24. 7756 Delco is the lower unit which is 700 SF, and consists of 2 beds, 1 bath, remodeled kitchen, private laundry and a small patio and grassy yard. Lease runs through 9/24. These two units are fully permitted as one 1200 SF ADU but have been split into two but could easily go back to a single 1200 SF guest house if desired. The ADU apartments share an electric meter but there is a submeter for the upper unit's electric and each also has their own water submeter. ADU tenants pay all utilities except trash. Even internet is separate. The main house pays all their utilities. Sewer is split 3 ways and water is calculated by usage. Currently the combined rent for the 3 units is $7,800 and they are never vacant. Current Section 8 allows for $3,052 for each two bedroom and up to $4,320 for the 4 bed if the office is turned back into a bedroom. That's a potential gross rent of $10,424 a month! Located on a dead end street, there is secluded parking. Interior pics are from 2020.
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Total Bedrooms : 8
Total Baths: 5
Full Baths: 5
Half Baths: 0
Property Appliances: Electric Water Heater,Refrigerator,Water Heater
Fireplace: Family Room
Flooring: Wood
Air Conditioning
Electric,Forced Air,Natural Gas
Has Heating
Fireplace Features: Family Room
Has Fireplace: 1
Year Built: 1956
Construction: Stucco
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1909
Lot Size Source: Public Records
Lot Size Square Feet: 8316
Original List Price: 1,550,000
Listing Contract Date: 2024-04-26
Parcel Number: 2107014010
Garage Description: Door-Single,Garage
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas,Water
Source Listing Status: Active
Source Neighborhood: WIN - Winnetka
Postal Code Plus 4: 2202
Directions: 101 to Desoto exit head north (R) Saticoy (L) Mason (R) Stagg (L) Delco all the way to the end.
Zoning: LARS
Source Property Type: Residential Income
Area: WIN - Winnetka
Property Age: 68
Property Condition: Updated/Remodeled
Year Built Source: Assessor
Total Square Feet Living: 2980
Entry Location: Ground Level w/Steps
Property Attached: Yes
Levels or Stories: One,Two
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
20811 Rodax Street, Winnetka, CA,91306 | $930,000 | 4 | 2 | 1,540 | 6911 Sqft |
20851 Community Street .., Winnetka, CA,91306 | $600,000 | 3 | 3 | 1,460 | 33265 Sqft |
7601 Gazette Avenue, Winnetka, CA,91306 | $879,999 | 3 | 2 | 1,787 | 8816 Sqft |
8530 Penfield Avenue, Winnetka, CA,91306 | $799,999 | 2 | 1 | 1,020 | 8193 Sqft |
20562 Skouras Drive, Winnetka, CA,91306 | $1,049,999 | 3 | 2 | 1,362 | 7212 Sqft |
20327 Saticoy Street #202, Winnetka, CA,91306 | $349,995 | 1 | 1 | 640 | 35262 Sqft |
7614 Mason Avenue, Winnetka, CA,91306 | $1,419,000 | 7 | 6 | 3,980 | 6231 Sqft |
20754 Hartland, Winnetka, CA,91306 | $4,395,000 | -- | -- | 13,618 | 15888 Sqft |
20609 Hartland Street, Winnetka, CA,91306 | $2,850,000 | -- | -- | 8,128 | 14243 Sqft |
19963 Cantara Street, Winnetka, CA,91306 | $1,149,000 | 4 | 2 | 2,108 | 7585 Sqft |
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ByOwner last updated this listing 05/18/2024 @ 04:37
MLS: 224001595
LISTED BY: Timothy Freund, Engel & Voelkers, Westlake Village
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.