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13816 Bessemer Street, Van Nuys, California 91401, Van Nuys, 91401 - 3 bed, 2 bath

13816 Bessemer Street, Van Nuys, California 91401 home-pic-0
ACTIVE$1,349,950
13816 Bessemer Street, Van Nuys, California 91401
3Beds
2Baths
2,104Sqft
6,765Lot
Year Built
1949
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$642
HOA
-
Days on market
-
Sold On
-
MLS number
SR25026677
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.35M(57th), sqft - 2104(57th), beds - 3(50th), baths - 2(47th).

Located in highly desirable neighborhood of Valley Glen just a block down from Sherman Oaks this beautifully remodeled gated home is ideal for buyers looking for a move in condition home or investors looking to add additional units in the back. Zoned R1.5 which allows additional two units in the back(buyers to verify). Home features 3 bedrooms and 2 baths with garage converted into a bonus room/game room/guest unit with full bath, updated kitchen with granite counters and stainless steel appliances, large master bedroom with walk in closed, master bath with dual sink, shower and tub. Crown moldings and recessed lighting throughout. Large back yard with many fruit trees and so much more.

Condition Rating
Good
The property, built in 1949, has undergone a 'beautifully remodeled' renovation, making it 'move-in ready'. The kitchen features modern granite counters and stainless steel appliances, and the master bathroom includes dual sinks, a shower, and a tub, indicating contemporary updates. Recessed lighting and crown moldings throughout further enhance its modern appeal. While the cosmetic updates are significant and bring the property to a high standard, the listing's own analysis notes a 'Potential for Older Systems' (HVAC, plumbing, electrical) as these are not explicitly detailed as updated. This suggests that while extensively renovated, it may not have had a full, recent overhaul of all major systems to qualify as 'Excellent', fitting the 'Good' category where some components are updated but not necessarily a full recent renovation.
Pros & Cons

Pros

Prime Location: Situated in the highly desirable neighborhood of Valley Glen, just a block from Sherman Oaks, offering excellent accessibility and community appeal.
Move-in Ready & Modern Finishes: The home is beautifully remodeled with updated kitchen featuring granite counters and stainless steel appliances, crown moldings, and recessed lighting throughout, making it move-in ready.
ADU/Investment Potential: Zoned R1.5, which allows for the addition of two extra units in the backyard, presenting a significant opportunity for rental income or multi-generational living (buyers to verify).
Versatile Bonus Space: The garage has been converted into a bonus room/game room/guest unit with a full bath, providing flexible living arrangements or additional income potential.
Enhanced Master Suite & Outdoor Space: Features a large master bedroom with a walk-in closet and a master bath equipped with dual sinks, a shower, and a tub, complemented by a spacious backyard with fruit trees.

Cons

Significant Valuation Discrepancy: The property's estimated value is substantially lower than the listing price, indicating a potential overpricing issue compared to current market data.
Potential for Older Systems: While cosmetically updated, the description does not explicitly detail upgrades to major systems like HVAC, plumbing, or electrical, which may be original to its 1949 build and could require future investment.
Buyer Verification for ADU: The potential for additional units is highlighted but explicitly states 'buyers to verify,' placing the responsibility and potential uncertainty of this key value-add on the buyer.

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