20701 Schoolcraft
Winnetka, CA, 91306
$624,950
MLS: SR26085899
Beds
3
Baths
2
Sq Ft
1,216
Lot
0.17 ac
Year Built
1954
MLS #
SR26085899
Days on Market
1
Listed
Apr 21, 2026
Description
WOW!! Unlock the potential of this value-add opportunity in Winnetka. Situated on a generous 7,563 sq ft lot, this 1,216 sq ft home offers a prime canvas for investors looking to renovate, expand, or develop. The property features a 2-car attached garage and is located on a quiet, well-kept street—an ideal setting for long-term value growth. Due to its current condition, the property is best suited for a cash buyer, making it a perfect project for seasoned investors or contractors ready to bring their vision to life. With ample lot size and strong ADU potential, there’s an opportunity to maximize returns through expansion or additional rental income. Whether you're looking to flip, hold, or build, this property presents a compelling investment in a desirable neighborhood with upside potential.
Location
Winnetka, Los Angeles County, CA 91306
Open on Google Maps ↗Listed by: Matthew Wildstein · Rodeo Realty
Payment estimate
$4,641
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $62,495 · Loan: $562,455
- Principal & Interest
- $3,456
- Property tax (1.25%)
- $651
- Homeowners insurance
- $300
- Mortgage insurance
- $234
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Winnetka home with as little as 3.5% down using an FHA loan — roughly $21,873 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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