$ 1,200,000
-
$1,200,000
Price -
5
Bed -
4
Bath -
2,202
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing F2435001 - SR207063885
Welcome to this beautifully updated DUPLEX opportunity in the heart of Canoga Park — Woodland Hills adjacent! Situated on a large 8,000+ sf. lot with 2 separate street addresses, this high-performing income property features two fully DETACHED HOMES with NO SHARED WALLS, both gated for added privacy & security with separate driveways and generous outdoor space. Both homes are currently tenant-occupied on one-year leases and generating strong rental income. 21511 Bassett St. offers approximately 1,260 sq ft of living space with 3 BR/2 BA, includes a dedicated laundry room, and is leased at $3,500 a month. This unit also features a brand-new, beautifully tiled walk-in shower. The second home, located on the corner at 6903 Alabama Ave., features approximately 926 sq ft, offers 2BR/1.5 BA, includes an attached 2-car garage with washer/dryer hookups, and is leased at $3,000 a month — providing immediate, stable cash flow from day one. Plus the versatility of this property allows a future owner to live in one unit while renting out the other to offset the mortgage and generate passive income. Both homes have been remodeled on the interior, showcasing vinyl plank flooring throughout, updated kitchens with granite countertops, stainless steel appliances, and newer cabinetry, creating a modern, turnkey living environment. Property highlights include separate tankless water heaters, 2 electrical meters, 2 gas meters, and one shared water meter. Tenants pay for all utilities except water/sewer, helping minimize owner expenses & maximize NOI. Major upside potential: This property qualifies for the Transit Oriented Communities (TOC) Tier 3 program, opening the door to significant development incentives. A future owner may leverage TOC density bonuses combined with California ADU regulations, creating the potential to expand the existing duplex and transforming it into a large multifamily asset (Buyer to verify all zoning options available). Prime, walkable location just steps away from The Village, Westfield Topanga Mall, Topanga Social, Warner Center, Costco, Target, premier dining, entertainment, and everyday conveniences — driving strong tenant demand and long-term value. Whether you’re seeking immediate income, long-term appreciation, or development upside, this property delivers cash flow, scalability and location all in one rare opportunity. Some images have been virtually staged/enhanced. https://booking.phorvi.com/disclosure/8bfc28dbc64da1231135aeba129511a4
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances: Dishwasher, Disposal, Gas Range, Refrigerator, Range Hood, Tankless Water Heater
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Tile,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Granite Counters,All Bedrooms Down,Bedroom on Main Level
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof: Shingle
- Others: Updated/Remodeled,Turnkey,Drywall,Concrete,Stucco,Wood Siding,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Direct Access,Driveway,Garage,Gated,Off Street,Private
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2138010020
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
21511 Bassett St. & 6903 Alabama Ave. Canoga Park, CA 91303
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
