Attention Investors! Unique investment property with good income potential. Located on a Cul-De-Sac in Winnetka and on the border with Northridge, this property has two separate addresses each with a Certificate of Occupancy. The main house is 8856 and has 3 bedrooms, 2 baths and is 1287 square feet. The ADU has its own address of 8858 Fullbright and is a one bedroom, 1 bathroom unit with separate electric meter. Both homes are approved under Section 8 Housing. Both rentals can yield $5,000 per month. Tenants may elect to continue on the property or they can be vacated in accordance with HUD by-laws which give a 90 day notice to vacate. Each home has its own parking as well. The main home has a two car garage.
Four Buildings, 50 Units, Multi-residential Portfolio. Three of the buildings are in Winnetka, CA and one building is in Canoga Park, CA. Two properties consist of an entire block for potential future development (20754-20764 Hartland St, Winnetka). All buildings have onsite laundry and is owned by Owner (Not leased). Tremendous upside in rents. All Buildings have been Earthquake Retrofitted (if they needed it). Can be sold separately
8 units in Winnetka, the heart of the San Fernando Valley. Great unit mix - 4 - 1bedroom + 1 bath and 4 - 2 bedroom + 1 bath units. There is 5,710 sq. ft. of building. It was built in 1961 and it sits on a 8,064 sq. ft. lot. Long term owner. Below market rents with HUGE upside in the rents. Individually metered for gas and electricity. There are currently 2 vacant units. There is an excellent assumable loan. The current loan balance is approximately $841,000, interest rate is 4% fixed until 7/28/2026, due in 2046. Close to shops, restaurants, public transportation and California State University, Northridge. Can be purchased with 7353 Corbin Ave - 10 units.
10 units in Winnetka, the heart of the San Fernando Valley. Great unit mix - 4 - 1 bedroom + 1 bath, 3 - 2 bedroom + 2 bath and 3 - 3 bedroom + 3 bath units. Very large units - 10,390 sq. ft. of building. It was built in 1962 and it sits on a 11,105 sq. ft. lot. Long term owner. Below market rents with HUGE upside in the rents. There are currently 3 vacant units. there is an excellent assumable loan. The current balance is approximately$1,019,654, interest rate is 4% fixed unit 7/28/2026, due in 2046. Close to shops, restaurants, public transportation and California State University, Northridge. Can be purchased with 7347 Corbin Ave - 8 units.
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.
3 separate apartment buildings side by side. 20754 Hartland is a six unit apartment building and 20760-64 Hartland St., Winnetka, CA is a 12 unit (2 6 units) apartment building next door. Onsite laundry and is owned by Owner (Not leased). Tremendous upside in rents. EQ Retrofit has been completed.
12 Units!! 20609-17 Hartland St., Winnetka in two six unit buildings next door to each other. Onsite laundry and is owned by Owner (Not leased). Tremendous upside in rents. 4% rental increases in the near future. EQ Retrofit has been completed. Attractive assumable financing @ 3.36% interest rate. 8 units @ 1+1 and 4 units @ 2+1
Outstanding residential income opportunity in the heart of Winnetka! Welcome to 7614 Mason Ave, a great unit mix quadruplex. (1) 3+2 $2254; (1) 2+2 $1,957; (2) 1+1 $1,545 and $1,191, total gross rent is $6,947. The units have spacious living areas, well-appointed kitchens, dining areas, and bedrooms. There is copper plumbing throughout, garage parking, and conveniently located just 2 miles from Westfield Topanga, shopping, dining, and entertainment!
Great "potential plus" 14 unit West Valley apartment complex lies on a desirable cul-de-sac street off Mason and Vanowen in the suburb of Winnetka, north of Warner Center in the San Fernando Valley represents one of the most economic deals on the market. A 2 story, 2 building complex built in 1958, is a great value add opportunity with rents that are almost 50% below market and the soft story construction completed. 50/50 1 and 2 bedroom mix. Priced to sell, this asset can only increase in cash flow with improved management, and exterior upgrades. Ample parking in the rear for 14 spaces with lots of street parking. Property offers laundry on site, courtyard, and open grassy areas for great curb appeal. This location sits near Warner Center employment hub, future Los Angeles Rams headquarters and training facility and major employers such as Kaiser, Blue Shield, Anthem, Farmers Insurance and Universal Music. Every convenience including banking, grocery shopping, to Crate & Barrel, Target and AMC theaters,Westfield Mall, Nordstrom, Neiman Marcus, and Cheesecake Factory, making the subject property an affordable option for employees in this market sector.
Winnetka is located in California.
