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Multifamily

13921 Bessemer St

13921 Bessemer St, Van Nuys, CA 91401

Listing Price: $6,895,000

Cap Rate
4.28%
Number of Units
23
GRM
13.80
Price/Unit
$299,783
Price/Gross SF
$334.17
Gross SF
20,633

Investment Overview

Marcus & Millichap is pleased to present 13921 Bessemer Street, a 23-unit (plus one non-conforming unit) multifamily building located in the desirable Valley Glen neighborhood of Van Nuys, a rapidly evolving submarket in the San Fernando Valley. 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.

Investment Highlights

  • Excellent Valley Glen Location – Dense and Desirable Neighborhood Within Van Nuys
  • Several Recent Capital Improvements – New Roof, All Seismic Retrofit Completed, Mostly Copper Plumbing, and New Exterior Paint
  • Substantial Value-Add Opportunity – Current Rents Approximately 48% Below Market Rates
  • Attractive Unit Mix – Mostly Two-Bedroom Units
  • Three Blocks from Sherman Oaks, Short Drive to Valley Village and NoHo Arts District
  • Updated Unit Interiors Featuring Granite Countertops and Wood Flooring
  • Potential for Future ADU Construction for Additional Cash Flow (Buyer to Verify)
  • Supplemental Income Generated via Landlord-Owned Laundry Machines

Exclusively Listed By

Financing By

Multifamily

13921 Bessemer St

Listing Price: $6,895,000

Cap Rate
4.28%
Number of Units
23
GRM
13.80
Price/Unit
$299,783
Price/Gross SF
$334.17
Gross SF
20,633

Investment Highlights

  • Excellent Valley Glen Location – Dense and Desirable Neighborhood Within Van Nuys
  • Several Recent Capital Improvements – New Roof, All Seismic Retrofit Completed, Mostly Copper Plumbing, and New Exterior Paint
  • Substantial Value-Add Opportunity – Current Rents Approximately 48% Below Market Rates
  • Attractive Unit Mix – Mostly Two-Bedroom Units
  • Three Blocks from Sherman Oaks, Short Drive to Valley Village and NoHo Arts District
  • Updated Unit Interiors Featuring Granite Countertops and Wood Flooring
  • Potential for Future ADU Construction for Additional Cash Flow (Buyer to Verify)
  • Supplemental Income Generated via Landlord-Owned Laundry Machines

Investment Overview

Marcus & Millichap is pleased to present 13921 Bessemer Street, a 23-unit (plus one non-conforming unit) multifamily building located in the desirable Valley Glen neighborhood of Van Nuys, a rapidly evolving submarket in the San Fernando Valley. 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.

Exclusively Listed By

Financing By

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