Listing Agent: David M. Hitt      Broker/Office: Redfin
7020 Oakdale Avenue Winnetka CA 91306
$ 1,000,000
  4   |    2   |    1290 Sq Feet

Listing ID

#26667219

Status

Active

Property Type

Single Family Residence

County

Los Angeles

Year Built

1953

Days on website

15

Description
Welcome to 7020 Oakdale Ave a property that changes how buyers think about affordability. With a fully permitted ADU generating approximately $2,400 per month and a potential $20,000 buyer grant available for qualified buyers, this home offers a unique opportunity to offset your monthly payment in a way most homes simply cannot. To further enhance long-term value, the solar system will be paid off through closing, providing energy efficiency and savings with no lease or loan for the new owner. Located on a desirable, well-maintained street in Winnetka known for strong pride of ownership, this beautifully upgraded home combines modern design, functionality, and income potential in one compelling package. Properties with permitted ADUs and income opportunities like this are increasingly sought after in today's market. The home features a fully remodeled open-concept floor plan with a modern kitchen and living area designed for both comfort and functionality. The kitchen showcases custom shaker cabinetry, a large center island with quartz countertops and designer backsplash, stainless steel appliances, farmhouse sink, and a gas cooktop with downdraft ventilation. Recessed lighting and ceiling fans enhance the space, while luxury vinyl plank flooring and new baseboards run throughout most of the home. Both bathrooms have been remodeled with high-end finishes. The primary bathroom includes double sinks, quartz backsplash, designer tile flooring, and a fully tiled shower and tub enclosure. The secondary bathroom has been converted to a full bath and features a tiled shower, modern finishes, and a convenient stacked washer and dryer area. Both bathrooms include recessed lighting with heat and ventilation systems. Major system upgrades include copper and ABS plumbing extending to the main sewer line, an upgraded 200-amp electrical panel with two meters, and two tankless water heaters, providing efficiency and long-term reliability. The home offers three bedrooms plus an additional bonus room currently configured as a fourth bedroom, providing flexible use for additional sleeping space, office, or studio. One bedroom includes a partial divider for shared use, which can easily be removed. A key highlight of the property is the fully permitted JADU with its own address at 7018 Oakdale Ave, offering excellent flexibility for rental income, multigenerational living, or a house hack opportunity. The ADU features a private entrance, open layout, separate electrical meter, and is currently generating approximately $2,400 per month (buyer to verify). The ADU shares water and gas with the main house. The backyard features a large concrete patio and expansive yard with room for a pool or further outdoor enhancements. The exterior has been freshly painted, adding to its curb appeal. Located near local amenities, shopping, dining, and commuter routes. Nearby schools include Shirley Avenue Elementary, which reflects strong ratings on GreatSchools (buyer to verify).This is a rare opportunity to own a remodeled home with built-in income potential in a desirable Winnetka neighborhood. Information deemed reliable but not guaranteed. Buyer to independently verify all information including square footage, permits, ADU income, grant qualification, room count, and property features.
Location
Financial Information
List Price:  $ 1000000
Property Features
Appliances:  Dishwasher, Dryer, Microwave, Refrigerator, Washer
Furnished:  Unfurnished
Heating:  Central
Levels:  One
Parking Features:  Driveway
Senior Community YN:  false
MLS Area Major:  WIN - Winnetka
City:  Winnetka
Senior Community YN:  false
Listed By:   David M. Hitt   Redfin 
CA Lic#