13921 Bessemer Street, Van Nuys, CA 91401 - Berkshire Hathaway HomeServices California Properties
13921 Bessemer Street Van Nuys, CA 91401
$6,895,000 40 beds, 23 baths
20, 633 sqft

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25516001
List price is $6,895,000
Beds: 40
Baths: 23
Built in 1963
20,633 sqft
2 stories
0.62 acres
Lot size: 0.6200
County: Los Angeles
Zoning: LAR3
Parking description: Assigned
MLS area: VG - Valley Glen

Last Updated: 4/3/2025

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This listing belongs to the VG - Valley Glen MLS area

Lat/Long: 34.181492, -118.436209.
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Listing Agent: Roderick 'Rick' Raymundo
Lic#: 01234982
Office Name: Mission Viejo

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