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Listed by Timothy Freund • Engel & Voelkers, Westlake Village
$ 1,300,000
Est. payment /mo
Price Dropped by $99K
7754 Delco Avenue Winnetka, CA 91306
8 Beds
5 Baths
2,980 SqFt
UPDATED:
12/03/2024 03:26 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,980 sqft
Price per Sqft $436
MLS Listing ID 224001595
Style Calif Bungalow
Bedrooms 8
Full Baths 5
Originating Board Conejo Simi Moorpark Association of REALTORS®
Year Built 1956
Lot Size 8,316 Sqft
Property Description
Rare opportunity to own a cash flowing compound! Currently all three units are rented. Drive by only, please do not disturb occupants. Main house, 7754 Delco Ave 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 2 car garage is 7756 and 7756 1/2 Delco Ave, a fully permitted 1200 SF 2 story ADU that has been divided 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. Each unit has its own water heater and HVAC all new in 2020. All homes have their own laundry. Current tenant is on month to month and requires 60 days notice.
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. Current tenant is leaving 10/31. These two units are fully permitted as one 1200 SF ADU but have been divided into two but could easily go back to a single 1200 SF guest house if desired. The ADU apartments use one 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 divided 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.
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. Current tenant is leaving 10/31. These two units are fully permitted as one 1200 SF ADU but have been divided into two but could easily go back to a single 1200 SF guest house if desired. The ADU apartments use one 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 divided 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.
Location
State CA
County Los Angeles
Interior
Interior Features Quartz Counters
Heating Forced Air, Natural Gas
Cooling Air Conditioning
Flooring Wood/Wood Like
Fireplaces Type Other, Family Room
Exterior
Parking Features Garage - 1 Door
Garage Spaces 2.0
View Y/N No
Building
Lot Description Fenced, Cul-De-Sac
Story 2
Sewer In Street
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944