REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 6,895,000
Est. payment /mo
Active
13921 Bessemer ST Van Nuys, CA 91401
40 Beds
23 Baths
20,633 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 20,633 sqft
Price per Sqft $334
MLS Listing ID 25516001
Bedrooms 40
HOA Y/N No
Year Built 1963
Lot Size 0.620 Acres
Property 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.
Location
State CA
County Los Angeles
Area Vg - Valley Glen
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 23
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2239017024
Special Listing Condition Standard
Listed by Roderick 'Rick' Raymundo • Marcus & Millichap