13846 Bessemer St - Apartments FOR SALE


Van Nuys, CA 91401
$950,000 USD
310-877-8600
13846 Bessemer St, Van Nuys, CA for Sale
$950,000 USD
Apartments - FOR SALE
1/6
null | 5.73% Cap Rate

13846 Bessemer St
Van Nuys, CA 91401


HIGHLIGHTS

  • Tremendous upside potential in rental income (20%)
  • Excellent unit mix
  • Strong Van Nuys location
  • Ample parking - no tuck under parking
  • Garden style

OVERVIEW

*Can Be Sold as Portfolio with 6711 Fulton Ave or Separately* Please contact Clyde Isaacson, the listing broker, for information. Tamarack Real Estate Services is pleased to exclusively present 13846 Bessemer Street, which are a 3-unit apartment complex located in the densely populated Van Nuys submarket of the San Fernando Valley. The property is just north of Oxnard Street, west of Woodman Avenue, and is well situated in a quiet residential neighborhood. Within close proximity are the 101 and 405 Freeways, which provide tenants with major transportation options. Also within walking distance are major employment and education centers. The property, which was constructed in 1949, features on-site parking, outdoor living space, and air-conditioning. The building has a unit mix of 2 two-bedroom units and a 4-bedroom unit. This offering presents an investor an opportunity to own in a populated and appreciating market, with the ability to reposition the asset and achieve aggressive market rents. A notable deal point to strongly consider, is the significant upside potential in rental income.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

3

PRICE/UNIT

$316,667

CAP RATE

5.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13846 Bessemer St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,797 SF

ZONING

LARD2

APN/PARCEL ID

2239-022-009

ASK ABOUT THIS PROPERTY

David KaufmanKaufman CommercialMore Info
310-877-8600

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

David KaufmanKaufman CommercialMore Info
310-877-8600

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