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    The Largest CRE Database in the US with Over 1 Million Listings

    21511 Alabama Ave Woodland Hills, CA 91303

    Sponsored
    For Sale
    $1,200,000

    Traditional, Duplex - Canoga Park, CA

    Type:Duplex
    Property size:
    2,202 SF
    Lot size:
    8,003.00 Acres
    Days on Market:
    12
    Last Refresh:
    Feb 7 at 7:06 am

    Property Features for 21511 Alabama Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Kitchen, Laundry, Living Room
    Bedrooms
    5
    Bathrooms
    4
    APN
    2138010020
    Parking
    2
    Parking features
    Driveway, Garage, Gated, Off Street
    Interior features
    Granite Counters, Sliding Doors, Window Features: Double Pane Windows, Screens
    Exterior features
    Fence, Community Features Included: Biking, Dog Park, Hiking, Park, Sidewalks, Street Lights, Lot 6500-9999
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Range, Range - Gas, Refrigerator, Washer
    Size
    2,202 SF
    Lot size
    8,003.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1956
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Vinyl
    Building materials
    Concrete, Stucco, Wood Siding
    Roof type
    Shingle
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Sevan Petrossian

    Pinnacle Estate Properties, Inc. (818) 993-7370

    Listing agent Sevan Petrossian (818) 993-7370 License #01989049

    Listing date Jan 27, 2026

    MLS# SR26018509 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Duplex in Canoga Park

    This updated duplex in Canoga Park features two detached homes on a lot exceeding 8,000 square feet. The property, with separate street addresses, is gated for privacy and security, and each home has its own driveway and outdoor space. The first home, located at 21511 Bassett St., offers approximately 1,260 square feet of living space with 3 bedrooms and 2 bathrooms, including a dedicated laundry room. It is currently leased at $3,500 per month. This unit also features a newly tiled walk-in shower. The second home, located on the corner at 6903 Alabama Ave., features approximately 926 square feet, offers 2 bedrooms and 1.5 bathrooms, and includes an attached 2-car garage with washer and dryer hookups. It is leased at $3,000 per month. Both homes have been remodeled with vinyl plank flooring, updated kitchens with granite countertops, stainless steel appliances, and newer cabinetry. The property includes separate tankless water heaters and electrical and gas meters, with a shared water meter. Tenants are responsible for all utilities except water and sewer. The property qualifies for the Transit Oriented Communities (TOC) Tier 3 program, offering potential development incentives. The location is near The Village, Westfield Topanga Mall, Topanga Social, Warner Center, Costco, and Target.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodland Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.60024
    Latitude
    34.26329

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    FAQs

    What type of property is this?
    Duplex - Updated duplex with two detached homes, generating strong rental income.
    Where is this duplex located?
    The property is located at 21511 Alabama Ave Woodland Hills, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - High-performing duplex with two fully detached homes generating strong rental income.; - Significant development potential due to Transit Oriented Communities (TOC) Tier 3 qualification.; - Prime, walkable location near The Village, Westfield Topanga Mall, Topanga Social, Warner Center, Costco, Target, and various dining/entertainment options.
    (818) 993-7370
    Request Owner's contact information
    21511 Alabama Ave Woodland Hills, CA 91303
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    Woodland Hills, CA 91303
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21511 Alabama Ave Woodland Hills, CA 91303
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    We can help!
    Listing Contact
    Sevan Petrossian
    Real Estate License ID: 01989049
    (818) 993-7370
    Learn more
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