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7901 Limerick Ave, Winnetka, California, 91306
$
4500
Bedrooms
3
Utilities Included
No
Bathrooms
2
Furnished
No
Available to Lease on
Available Now
Property Type
Single Family
SQFT
1891
Key metrics
Rent
$
4500
Monthly Estimated Profit?
$
567
Annual Estimated Profit?
$
6800
Acquisition Fee
$
2500
Security Deposit
$
$4,900
Average Daily Rate
$
243
Occupancy
75
Annual Revenue
$
66800
Key Features

This beautifully renovated three-bedroom, two-bathroom home offers an ideal setting for corporate housing, with explicit permission for subleasing and the option for multi-year leases. Located in the vibrant community of Winnetka, CA, the property is conveniently close to shopping centers and local attractions, making it perfect for professionals and families alike. Its spacious layout and abundant natural light create a welcoming atmosphere for any tenant.

The property is available immediately, providing a seamless transition for those in need of immediate housing. With a guest house option available for an additional fee, this residence is well-suited for traveling medical professionals or academics seeking proximity to nearby hospitals and educational institutions. The inclusion of all appliances ensures a hassle-free living experience.

Important Notes

Open to multi-year corporate lease at $5,000 rent.
Can sublease.
No utilities included.
Deposit is 1 month's rent.
Guest house available 1 bed, 1 bath for $2,800.

Property Features

• 3 Bedrooms / 2 Bathrooms: A comfortable layout with ample space for living and working.
• Square Footage: 1,891 sqft of fully renovated living space.
• Appliances Included: All necessary appliances are provided for convenience.
• In Unit Laundry: Enjoy the ease of having laundry facilities within the home.
• Central Air: Stay comfortable year-round with central air conditioning.

STR Regulations Summary:  

Status:
Not STR Friendly

View Regulations Here

The Los Angeles Home-Sharing Ordinance strictly restricts short-term rentals to the host's primary residence (defined as the home where the host lives for more than six months out of the year). Consequently, the standard arbitrage model—leasing a separate, empty apartment solely to operate it as an Airbnb—is effectively banned. Furthermore, any units covered by the city's Rent Stabilization Ordinance (RSO), income-restricted housing, or recently "Ellised" units are explicitly barred from being used as short-term rentals.

Key Requirements

  • Primary Residence Only: You are only allowed to operate one short-term rental unit within the city, and you must live there. Dedicated investment properties and second homes are completely ineligible.
  • Landlord Approval (For Renters): If you are renting your primary residence, you must obtain a signed and notarized affidavit from your property owner or landlord explicitly authorizing your participation in home-sharing.
  • Home-Sharing Registration: You must complete an online application through the City Planning portal, submit proof of primary residency, pay the $89 fee, and obtain a valid registration number before you can legally host.
  • The 120-Day Cap: Standard home-sharing registrations cap un-hosted short-term rentals at a maximum of 120 days per calendar year. To rent the unit for more than 120 days, you must apply for an "Extended Home-Sharing" registration, which comes with much higher fees and stricter scrutiny.

Operational and Safety Standards

  • Listing Compliance: Your city-issued registration number must be visibly posted on all advertisements and listings across hosting platforms.
  • Occupancy and Noise Limits: Overnight occupancy is strictly capped at two persons per habitable room (excluding children). Amplified sound is not permitted after 10:00 p.m., and large evening outdoor gatherings are restricted.
  • Safety Equipment: You must ensure the property is equipped with working smoke detectors, carbon monoxide detectors, and fire extinguishers.
  • Code of Conduct: Hosts are required to provide a "Code of Conduct" to all guests, detailing safety, security, and good-neighbor rules.

Tax Obligations

  • Transient Occupancy Tax (TOT): Stays of 30 nights or fewer are subject to a 14% City Transient Occupancy Tax.
  • Tax Registration: You must register to pay the TOT, though platforms like Airbnb will often collect and remit this tax on your behalf under an agreement with the city.

Enforcement

  • Citations and Fines: Operating without an approved registration number or continuing to host after hitting the 120-day cap will trigger initial notices of violation, followed by escalating citations and fines.
  • Platform Blocking: The ordinance prohibits hosting platforms from processing bookings for properties that lack a valid registration number or that have exceeded their annual day limit.

Property Location