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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,785,000

Est. payment - /mo

8,197 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26041579

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 2023

Lot Size 8,197 Sqft

Property Sub-Type Triplex

Property Description

This exceptional income property offers the potential to generate approximately $10,900 (!!!) 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 $4,000/month, and the 1-bedroom, 1-bathroom unit brings in $2,400/month. The main house, featuring 3 bedrooms and 4 bathrooms, currently brings in $4,500/month, bringing the total projected income of almost $11,000/month. Tenants pay 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 at 8620 Lubao 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 at 8618 Lubao 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 side yard. The full ADU at 8622 Lubao, 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

Interior Features High Ceilings, Quartz Counters, Recessed Lighting, Primary Suite

Heating Central

Cooling Central Air

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Laundry Inside

Exterior

Fence Vinyl

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 No

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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Listed by Shira Dunn Keller Williams Luxury 424-653-0560, DRE #02100807

NEARBY SCHOOL & BUSINESS

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8620 Lubao AVE Winnetka, CA 91306