13921 Bessemer Street, Van Nuys, CA 91401
  • MLS#: 25516001 ( )
  • Street Address: 13921 Bessemer Street
  • Viewed: 7
  • Price: $6,895,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 33
  • Additional Information
  • County: LOS ANGELES
  • City: Van Nuys
  • Zipcode: 91401
  • Provided by: Marcus & Millichap
  • Contact: Roderick Roderick
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This well maintained asset offers investors a rare opportunity to acquire a clean, upgraded property with significant rental upside and future value add potential in one of Los Angeles' most in demand rental markets. Van Nuys is experiencing major revitalization, driven by infrastructure improvements and increasing tenant demand. The upcoming East San Fernando Valley Light Rail Project, running along Van Nuys Boulevard, is set to transform the area by improving connectivity and boosting long term rent growth. The property is also strategically located near major employment hubs, government offices, shopping centers, and dining options, making it an attractive location for tenants. With easy access to the 405 and 101 Freeways, residents can conveniently reach Sherman Oaks, Encino, Burbank, and the broader Los Angeles area. The property benefits from several major recent improvements, including the completion of all required seismic retrofit repairs (Buyer to verify). The building exterior was painted in recent months, while the new roof was added just two years ago. The clean unit interiors feature upgrades such as wood flooring and granite countertops, while the common area includes a well landscaped courtyard, on site parking, and landlord owned laundry facilities. With 48% rental upside, ADU potential (Buyer to verify), and a prime location in a high growth corridor, 13921 Bessemer Street presents an exceptional investment opportunity for both long term investors and value add buyers looking to capitalize on Van Nuys' ongoing transformation.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Building Area Total
  1. 20633.00
Country
  1. US
Levels
  1. Two
Netoperatingincome
  1. 295091.00
Parcel Number
  1. 2239017024
Parking Features
  1. Assigned
Sourcesystemkey
  1. 25516001:CLAW
Totalexpenses
  1. 195552.00
Year Built
  1. 1963
Zoning
  1. LAR3