7754 Delco AVE, Winnetka, CA 91306 – 224001595 - Erik Montoya

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$1,300,000

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8 BD

5 BA

2,980 SqFt

Price Dropped by $99K

7754 Delco AVE Winnetka, CA 91306

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Erik Montoya

emontoya.realtor@gmail.com +1(720) 261-5797

UPDATED:

12/05/2024 03:51 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,980 sqft

Price per Sqft $436

MLS Listing ID 224001595

Bedrooms 8

Full Baths 5

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1956

Lot Size 8,315 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.

Location

State CA

County Los Angeles

Area Win - Winnetka

Zoning LARS

Rooms

Other Rooms Guest House Attached

Interior

Heating Electric, Forced Air, Natural Gas

Flooring Wood

Fireplaces Type Family Room

Inclusions Each unit has a range, refrigerator and laundry. 2 stacked in the ADU apartments and independent in the main house.

Fireplace Yes

Appliance Electric Water Heater, Refrigerator, Water Heater

Exterior

Parking Features Door-Single, Garage

Garage Spaces 2.0

Garage Description 2.0

View Y/N No

Total Parking Spaces 2

Private Pool No

Building

Lot Description Cul-De-Sac

Faces West

Story 2

Entry Level One,Two

Level or Stories One, Two

Additional Building Guest House Attached

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 2107014010

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Timothy Freund • Engel & Voelkers, Westlake Village

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Erik Montoya

Agent | License ID: 02234207

+1(720) 261-5797

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7754 Delco AVE Winnetka, CA 91306

Erik Montoya

Key Details

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7754 Delco AVE