Three-Unit Multifamily
For Sale
$1,350,000
7754 Delco AVE, Winnetka, CA 91306
A remodeled primary residence and a two-apartment accessory dwelling unit provide three separate living spaces.
Property Size2,980 SF
Price / SF$453.02
Days on Market211
Property Features for 7754 Delco AVE
General Information
Standard status
Active
Size
2,980 SF
Property subtype
MULTI_FAMILY
Occupancy
100%
Units
Unit Mix
1 x 4BR/3BA, 2 x 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
water, electricity
Additional Details
Gross Income
$93,600
Tenant in Place
Yes
Amenities
fenced yard
enclosed patio
private laundry
Building Details
Building Size
2,980 SF
Year Built
1956
Listing Agency:
Engel & Voelkers, Westlake Village
Listed By:
Timothy Freund · License #01078771
(805) 427-3008
Source:
Carrabbagroup
Added: Mar 31
Changed: Oct 26
Last Checked: Oct 26 at 2:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Voelkers, Westlake Village
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Investment Insights
Based on property information with market context.
This multifamily property comprises a 1,700-square-foot main home and a permitted, two-story 1,200-square-foot accessory dwelling unit divided into two apartments. The main residence has four bedrooms, including an open office, three bathrooms, a breezeway, and an attached two-car garage. Its 2020 renovation included a roof and electrical panels; interior finishes include quartz counters, stainless steel appliances, and luxury vinyl plank flooring. The home also has wood windows and a fenced yard.
The ADU’s lower apartment offers 700 square feet, two bedrooms, one bathroom, a remodeled kitchen, private laundry, and a small patio and grassy yard. The 500-square-foot upper apartment has two bedrooms, one bathroom, an eat-in kitchen, private laundry, and an enclosed patio. Each unit has its own HVAC and water heater, installed in 2020. Laundry is provided in all three homes.
The apartments share one electric meter, with a submeter for the upper unit; each has a water submeter. ADU occupants pay utilities other than trash, while the main house covers its own utilities. Sewer costs are divided among the three units, and water is allocated by usage. The property is on a dead-end street with secluded parking.
The ADU’s lower apartment offers 700 square feet, two bedrooms, one bathroom, a remodeled kitchen, private laundry, and a small patio and grassy yard. The 500-square-foot upper apartment has two bedrooms, one bathroom, an eat-in kitchen, private laundry, and an enclosed patio. Each unit has its own HVAC and water heater, installed in 2020. Laundry is provided in all three homes.
The apartments share one electric meter, with a submeter for the upper unit; each has a water submeter. ADU occupants pay utilities other than trash, while the main house covers its own utilities. Sewer costs are divided among the three units, and water is allocated by usage. The property is on a dead-end street with secluded parking.
Key Highlights
- Three living units: a 1,700‑square‑foot main home and a 1,200‑square‑foot permitted ADU
- Main residence includes 4 bedrooms, 3 bathrooms, a breezeway, and an attached 2‑car garage
- ADU contains a 700‑square‑foot lower apartment and a 500‑square‑foot upper apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,951
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,020
$959.0K
Cap Rate 7%
$685,014
$685.0K
Cap Rate 9%
$532,789
$532.8K
Market Conditions
NOI Build-Up for 2,980 SF
Gross rent
$94.8K $31.80/SF
− Vacancy
−$7.6K −$2.54/SF
EGI
$87.2K $29.26/SF
− OpEx
−$39.2K −$13.17/SF
NOI
$48.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,020
Cap Rate 7%
$685,014
Cap Rate 9%
$532,789
Alternative Uses
Best Use
Apartment 5plus
$685.0K
$599.4K – $799.2K
NOI $47,951 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,684 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
Explore this area
Business Placement
Demographics for 91306, CA
46,669
Population
15,176
Households
3.1
Avg Household Size
39
Median Age
31%
College-Educated
79%
High-School Grad
4.2 sq mi
ZIP Area
11,112
Density / Sq Mi
$88,958
Median Household Income
$39,524
Median Earnings
$1,909
Median Rent
$719,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A remodeled primary residence and a two-apartment accessory dwelling unit provide three separate living spaces.
Where is this multifamily property located?
The property is located at 7754 Delco AVE Winnetka, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three living units: a 1,700‑square‑foot main home and a 1,200‑square‑foot permitted ADU; Main residence includes 4 bedrooms, 3 bathrooms, a breezeway, and an attached 2‑car garage; ADU contains a 700‑square‑foot lower apartment and a 500‑square‑foot upper apartment
