6550 Hanna Avenue
Woodland Hills, CA, 91303
$1,149,000
MLS: 26843165
Beds
3
Baths
3
Sq Ft
1,613
Lot
0.22 ac
Year Built
1954
MLS #
26843165
Days on Market
8
Listed
Jun 5, 2026
Description
INVESTOR OPPORTUNITY STEPS TO TOPANGA VILLAGE .Exceptional income-producing property on a nearly 10,000 sq. ft. street-to-street lot in one of Woodland Hills' most desirable and walkable neighborhoods. Approximately 1,600 sq. ft. of total living space consisting of a 2-bedroom, 2-bath main house, a private-entry grandma studio suite (formerly the 3rd bedroom), and a newer permitted detached ADU with its own address (6548 Hanna Ave).The ADU offers 1 bedroom, 1.5 bathrooms, a full kitchen, in-unit laundry, private entrance, and private yard. Each living space enjoys its own private entrance, kitchen, laundry, and outdoor area, creating excellent flexibility for multi-generational living or multiple income streams.The property is currently generating approximately $7,500 per month in rental income, with rents believed to be below market, offering potential upside for investors. An additional value-add opportunity may exist with room for another unit (buyer to verify with appropriate agencies).A rare feature is the large, separate rear gated lot with private electric gate and parking for 10+ vehicles. This area is not included in any tenant's yard and may provide additional income potential for vehicle, RV, equipment, or storage rentals.The main house features a newer roof, while mature fruit trees enhance the grounds. Located within walking distance to The Village, Westfield Topanga, restaurants, shopping, and entertainment, this is one of the few truly walkable areas in Woodland Hills.Ideal for investors seeking stable income today with significant upside potential tomorrow. Don't miss this unique opportunity.
Location
Woodland Hills, Los Angeles County, CA 91303
Open on Google Maps ↗Listed by: Adam 'Aumi' Katz · Rodeo Realty
Payment estimate
$8,478
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $114,900 · Loan: $1,034,100
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $6,550
- Property tax (1.25%)
- $1,197
- Homeowners insurance
- $300
- Mortgage insurance
- $431
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Woodland Hills home with as little as 3.5% down using an FHA loan — roughly $40,215 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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