13921 Bessemer Street new Save Request In-Person Tour Request Virtual Tour
Van Nuys (los Angeles),CA 91401
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 20,633 sqft
Price per Sqft $334
MLS Listing ID CL25516001
Year Built 1963
Lot Size 0.620 Acres
Property Sub-Type Other
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% rent
Location
State CA
County Los Angeles
Zoning LAR3
Building
New Construction No