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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Manufacturing properties
14229 Bessemer St Van Nuys, CA 91401-3432
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8534057
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Construction
TILT-UP CONCRETE
Total area
2,750 SF
Lot
0.14 ac (6,278 SF)
Zoning code
LAM2
APN
2240-024-017
UPID
US09-8534057
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$680k
Owner & transaction history
Bounsom Phommasith · 2 yrs held
Bounsom Phommasith
since 2023
Last sale
$725,000
7 recorded transactions
Zoning & alternative use
LAM2 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+36.2%
Warehouse, storage
$810,000
+9.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Van Nuys submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Van Nuys submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$665,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$735,000
Current use
OFFICE BUILDING
$1,005,000
Change: +36% · Conversion: Difficult
WAREHOUSE, STORAGE
$810,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $725k (Jul 20 2023)
Last sale anchor
$725k
Jul 20 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$247 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,728
Tax year 2024
Assessed value
$854,248
Assessed 2024
Previous assessed
$854,248
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$636,268
Assessed improvement
$217,980
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1978
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
2,750 SF
Lot
0.14 ac (6,278 SF)
Zoning code
LAM2
APN
2240-024-017
UPID
US09-8534057
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · Van Nuys, CA
Zoning LAM2 · permitted uses
LAM2 · Van Nuys, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Van Nuys. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$735,000
OFFICE BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$810,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Bounsom Phommasith
Individual
Free & Clear · 2 yrs held
Mailing address
12251 COVELLO ST, NORTH HOLLYWOOD, CA 91605-3011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2023
—
Bounsom Phommasith
Bounsom Phommasith
Intrafamily Transfer
related
—
Nov 10, 2014
$725,000
Bounsom Phommasith
Kemhadjian Family Trust
Grant Deed
—
Dec 5, 2002
$146,000
Kemhadjian,tr
Hollywood/edgement Co
Grant Deed
—
Jun 29, 2001
$396,364
Hollywood/edgemont Co
Mirage Investment LLC
Grant Deed
$250,000 · Citizens Business Bank
Jun 5, 1997
—
Mirage Inv
Haddadi,m
Grant Deed
related
—
Jul 7, 1995
$275,000
Mehdi Haddadi
Burgess,lawrence B
Grant Deed
$237,000 · Heller First Capital
Sep 30, 1991
—
Lawrence Burgess
Burgess,karen H
Quit Claim Deed
related
$180,000 · First Fidelity Thrift & Loan
—
—
Lawrence Burgess
—
Deed Of Trust
related
$25,749 · Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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