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
Days on market: 1
Listing updated: January 28, 2026 - 02:17:01
Listed by: Sevan Petrossian DRE #01989049 818-993-7370, Pinnacle Estate Properties - Southland
Source: Southland, MLS#: F2435001 Originating MLS: CRMLS
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