Pinnacle Estate Properties
Listed by Pinnacle Estate Properties
$1,200,000
21511 Bassett St. & 6903 Alabama Ave.
Details
APN 2138010020
Property Type Multifamily
Sub Type Apartment Building
Units 2
Cap Rate 4.80%
Buildings 2
Stories 1
Acreage 0.184
Zoning Assessor
Multifamily | 4.80% CAP | 2 Units
Marketing 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 qualifi
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Pinnacle Estate Properties
Listed by Pinnacle Estate Properties
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