Welcome to 6514 & 6512 Coldwater Canyon Ave — a rare, gated income-producing property in Valley Village offering two separate addresses with a main residence and fully permitted ADU. Generating approximately $120,000 annually (per seller), this is a strong long-term, stabilized investment opportunity with immediate income potential and long-term upside. Both residences are fully gated with separate entrances, offering privacy and independent living—ideal for long-term tenants or an owner-occupant who can live in one or both units while generating rental income. Each unit features its own private backyard with Jacuzzi tubs, enhancing comfort and appeal. The main residence offers an open floor plan with a spacious kitchen and center island, updated bathrooms, and comfortable living spaces. The ADU includes a designer kitchen, large bedroom suite with barn doors, walk-in closet, private bathroom, and in-unit laundry. Each unit is designed with its own laundry for convenience and long-term functionality. Delivered vacant, providing flexibility to establish market rents and create a stabilized income stream, or to configure for full or partial owner occupancy. Seller is willing to assist with tenant placement, supporting a smooth transition into a fully stabilized asset. Additional features include a gated rear driveway with secure parking, enhancing privacy and security. An ideal opportunity for investors or owner-users seeking a low-maintenance, income-producing property with strong fundamentals, reliable long-term rental income, and flexibility in a highly desirable Valley Village location.