13921 Bessemer St - Apartments FOR SALE


Valley Glen, CA 91401
$6,895,000 USD
818-219-6146
13921 Bessemer St, Valley Glen, CA for Sale
$6,895,000 USD
Apartments - FOR SALE
1/21
null | 4.28% Cap Rate

13921 Bessemer St
Valley Glen, CA 91401


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

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.

FOR SALE DETAILS

PRICE

$6,895,000 USD

PRICE/SF

$334 USD /SF

# OF UNITS

24

PRICE/UNIT

$287,292

CAP RATE

4.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Roof, All Seismic Complete | Mostly 2 BRs

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2239-017-024

ASK ABOUT THIS PROPERTY

Rick RaymundoMarcus and MillichapMore Info
818-219-6146

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Rick RaymundoMarcus and MillichapMore Info
818-219-6146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.