8632 Lubao Avenue

Winnetka, CA 91306

$1,088,000
Price
5
Beds
3
Baths
1,880 Sq. Ft.
$579 / Sq. Ft.
1,880
Sq. Ft.
$579
per Sq. Ft.

Description

Two homes on one lot each w/ their own address situated in a lovely neighborhood. 8632~ 3bed/1bath front home. Single story approx. 1000sf w/ a 2 car attached garage. The kitchen has granite counters, stainless steel appliances & updated fixtures. There is an open living area w/a fireplace and a dining area. 8630~2bed/2bath accessory dwelling unit built in 2019. Single story 880 sq. ft. w/open floor plan. Kitchen has white self closing shaker cabinets, quartz counters & stainless steel appliances....Two homes on one lot each w/ their own address situated in a lovely neighborhood. 8632~ 3bed/1bath front home. Single story approx. 1000sf w/ a 2 car attached garage. The kitchen has granite counters, stainless steel appliances & updated fixtures. There is an open living area w/a fireplace and a dining area. 8630~2bed/2bath accessory dwelling unit built in 2019. Single story 880 sq. ft. w/open floor plan. Kitchen has white self closing shaker cabinets, quartz counters & stainless steel appliances. Laminate floors throughout w/carpet in the bedrooms. Bathrooms have updated vanities, quartz countertops, tiled floors, tiled shower/tub & stylish fixtures. Units are on separate gas and electric meters and 1 shared water meter. Rents for both houses currently bring in approx. $5460/mo. Both properties have laundry hook ups, central heat and AC. Close to shops and schools. Rear unit is built 2019 so there is opportunity for buyer to owner occupy in order to live in one and rent the other (buyer to verify). Sold with Tenants in place. Great income! Low vacancy. Photos are from when the property was vacant
  1. Listed by Mark Alan Walker • DRE #01309961 • Brokerage DRE #01703618 • Nourmand & Associates-HW

Property Details for 8632 Lubao Avenue

Zoning
LARS
Style
Traditional
Parcel Number
2782015003
Total Units
2.0
Living Area
1880
Source Living Area
Vendor Enhanced
Area
Winnetka (WIN)
Vacancy Rate
0

Location

Listing Courtesy of Nourmand & Associates-HW, Mark Alan Walker, DRE #01309961
Add your commute
LISTING UPDATED: 04/12/2024 01:55 PM

Property Details for 8632 Lubao Avenue

StatusPending
MLS #24-364495
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.19 AC / 8,192 SF
CountyLos Angeles County

Location

Listing Courtesy of Nourmand & Associates-HW, Mark Alan Walker, DRE #01309961
Add your commute

Building Information for 8632 Lubao Avenue

Stories1Residences-Year Built1955Building Size-Lot Size0.19 AC / 8,192 SF

Payment Calculator

$6,785 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,938

Property Taxes

$847

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8632 Lubao Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Home and ADU
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • Water Heater Features: Gas, Instant Hot Water, Tankless, Water Heater Unit
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $65,544
  • Net Operating Income: $63,744.00
  • Gross Income: $65,544
  • Gross Rent Multiplier: $16.60
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 1800
  • Water Expense: $1,200.00
  • Gardener Expense: $600
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1881
  • Lot Size Square Feet: 8192
  • Lot Size Dimensions: 60x136
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached, Garage - 2 Car
  • Total Parking: 2
  • Parking Features: Garage - Two Door
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Cooling Type: Central, Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Flooring: Engineered Hardwood, Mixed, Hardwood
  • Equipment: Washer, Refrigerator, Range/Oven, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Microwave
  • Room Kitchen Features: Remodeled Kitchen, Stone Counters
  • Kitchen Features: Remodeled, Stone Counters
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Microwave, Oven-Gas, Range
  • Laundry: In Unit, Inside
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-07-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,812.00
  • Unit Actual Rent: $33,744.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $31,800.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Dishwasher: 2
  • Number of Disposal: 2
  • Number of Electric Meters: 2
  • Number of Gas Meters: 2
  • Number Leased: 2
  • Number Patio: 1
  • Number Range: 2
  • Number Refrigerator: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $294,329.00
  • Assessed Improvement Percent: 35.9
  • Assessed Land Value: $525,588.00
  • Assessed Land Percent: 64.1
  • Assessed Total Value: $819,917.00

Property History for 8632 Lubao Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8632 Lubao Avenue

Taxable ValueLand$525,588Additions$294,329Total$819,917
Tax Record2023$10,165 ($847 / month)
Home Facts
Beds5Total Finished SqFt1,880 SqFtAbove Grade Finished SqFt1,880 SqFtStories1Lot Size8,190 SqFtStyleSingle Family ResidenceYear Built1955ZoningLARSCountyLOS ANGELESAPN2782-015-003

Schools near 8632 Lubao Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Winnetka Avenue Elementary School
PublicK to 5

John A. Sutter Middle School
Public6 to 8

Northridge Academy High
Public9 to 12

Valley Academy Of Arts And Sciences
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nourmand & Associates-HW, Mark Alan Walker, DRE #01309961

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.