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$1,200,000

Est. payment - /mo

8,001 Sqft Lot

New

21511 Bassett St. & 6903 Alabama Ave. Canoga Park, CA 91303

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26018509

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1956

Lot Size 8,001 Sqft

Property Sub-Type Duplex

Property Description

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

Location

State CA

County Los Angeles

Area Cp - Canoga Park

Interior

Interior Features Granite Counters, All Bedrooms Down, Bedroom on Main Level

Heating Central

Cooling Central Air

Flooring Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Range, Refrigerator, Range Hood, Tankless Water Heater

Laundry Inside, In Garage, Laundry Room

Exterior

Parking Features Direct Access, Driveway, Garage, Gated, Off Street, Private

Garage Spaces 2.0

Garage Description 2.0

Fence Vinyl, Wrought Iron

Pool None

Community Features Biking, Dog Park, Hiking, Park, Street Lights, Sidewalks

View Y/N No

View None

Roof Type Shingle

Total Parking Spaces 2

Private Pool No

Building

Story 1

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Traditional

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 2138010020

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan

Special Listing Condition Standard

Virtual Tour https://booking.phorvi.com/v/3630d98f-0d71-4107-a12d-23d5a2fec89e

Listed by Sevan Petrossian Pinnacle Estate Properties 818-521-7309

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Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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