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$1,700,000
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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!
Full Property Details
Full Property Details for 8620 Lubao Ave
General
- Sold For: $1,700,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SR26041579
- Added to Site: 184 day(s) ago
Interior
- Rooms/Areas: Primary Bedroom, Kitchen, Living Room, Primary Suite, Primary Bathroom
- Interior Features: Quartz Counters, High Ceilings, Recessed Lighting
- Fireplace(s): None
- Appliances: Microwave, Refrigerator, Dishwasher
- Flooring: Wood
Rooms
Other Rooms
- Laundry: Inside, Washer Included, Dryer Included
Additional Information
- Pool Description: None
- Spa Description: None
Location
- Area: WIN - Winnetka
- County: Los Angeles
- Development Name: WIN - Winnetka
- Driving Directions: Between Chase and Parthenia
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Private
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 3
Structural Information
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 3,280
- Year Built: 2023
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 4
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.1882
- Lot Size Source: Appraiser
- Zoning: LARS
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $518.29
- Price Per Unit: 595000
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Schools
Schools serving 8620 Lubao Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Winnetka Avenue Elementary School 8240 Winnetka Ave., Los Angeles, CA 91306 | K-5 | 0.5 mi |
John A. Sutter Middle School 7330 Winnetka Ave., Los Angeles, CA 91306 | 6-8 | 1.6 mi |
Grover Cleveland Charter High School 8140 Vanalden Ave., Los Angeles, CA 91335 | 9-12 | 1.2 mi |
Northridge Academy High 9601 Zelzah Ave., Los Angeles, CA 91325 | 9-12 | 2.8 mi |
Valley Academy Of Arts And Sciences 10445 Balboa Blvd., Los Angeles, CA 91344 | 9-12 | 4.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8620 Lubao Ave
Date
Details
Price
Change
Source
7/27/2026
Sold
$1,700,000
-4.76%
MLS
4/20/2026
Price Reduced
$1,785,000
-0.56%
MLS
2/25/2026
Listed
$1,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8620 Lubao Avenue, Winnetka, CA 91306 (MLS# SR26041579) is a Multi-Family property that was sold at $1,700,000 on July 27, 2026. This property was sold by Carolin Alaverdian from our Studio City Office.Want to learn more about 8620 Lubao Avenue? Do you have questions about finding other Multi-Family real estate for sale in Winnetka? You can browse all Winnetka real estate or contact a Coldwell Banker agent to request more information.


