Van Nuys (los Angeles), CA 91401,13921 Bessemer Street
$6,895,000
Est. payment /mo
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20,633 SqFt
New

13921 Bessemer Street Van Nuys (los Angeles), CA 91401

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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

HOA Y/N No

Year Built 1963

Lot Size 0.620 Acres

Acres 0.62

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

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 2239017024


Bridge MLS
Listed by Roderick 'Rick' Raymundo • Marcus & Millichap

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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13921 Bessemer Street