Van Nuys Industrial
For Sale
Contact for pricing
Pending
14117 Bessemer St, Los Angeles, CA 91401
Single-tenant industrial property in Van Nuys with owner-user potential.
Property Size4,904 SF
Lot Size0.14 Acres
Days on Market699
Property Features for 14117 Bessemer St
General Information
Standard status
Pending
Size
4,904 SF
Lot size
0.14 Acres
Property subtype
Industrial
Zoning
M2-2
Investment Type
Owner/User
Building Details
Year Built
1951
Buildings
1
Stories
1
Listing Agency:
Marcus & Millichap - Encino
(818) 212-2744
Listed By:
Martin Agnew · License #CA 01339034
Source:
Crexi
Added: Sep 30, 2024
Changed: Aug 8
Last Checked: Jul 24 at 4:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
This single-tenant industrial property, located in the Van Nuys submarket, offers approximately 4,904 square feet of space. Situated on a 0.14-acre M2-2 zoned parcel, the property features a bow truss ceiling and a warehouse clear height ranging from 12 to 19 feet. The warehouse layout includes two restrooms in the southeast corner and six skylights. The property includes one grade-level loading door and 120/240V 3 Phase Power. A detached office building of 504 square feet contains two offices and a restroom. The fenced, concrete parking lot can accommodate up to five vehicles. The property will be delivered vacant, offering an opportunity for immediate occupancy. Located near major employers, including entertainment studios, the property benefits from local demand, supported by demographics of 684,231 residents and an average household income of $107,217 within a 5-mile radius. Freeway access is convenient, with the 405 Freeway 2.1 miles away and the 101 Freeway 2.2 miles away.
Key Highlights
- Delivered vacant, ideal for immediate owner/user occupancy or value‑add investment.
- Located in the high‑demand Van Nuys submarket with tight vacancy rates and strong rent growth.
- Excellent freeway access: 2.1 miles from the 405 and 2.2 miles from the 101.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$116,403
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,328,060
$2.3M
Cap Rate 7%
$1,662,900
$1.7M
Cap Rate 9%
$1,293,367
$1.3M
Market Conditions
NOI Build-Up for 4,904 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$190.7K $38.88/SF
− Vacancy
−$35.5K −$7.23/SF
EGI
$155.2K $31.65/SF
− OpEx
−$38.8K −$7.91/SF
NOI
$116.4K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,328,060
Cap Rate 7%
$1,662,900
Cap Rate 9%
$1,293,367
Alternative Uses
Best Use
Office B
$1.66M
$1.46M – $1.94M
NOI $116,403 @ 7.0% cap · market cap 6.47%
Second Best
Warehouse
$1.06M
$924.7K – $1.23M
NOI $73,975 @ 7.0% cap · market cap 4.11%
Theoretical Best
Multifamily LT 5
$99.35M
$86.93M – $115.91M
NOI $6,954,647 @ 7.0% cap · market cap 386.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,356
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91401, CA
39,621
Population
15,785
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
3.5 sq mi
ZIP Area
11,320
Density / Sq Mi
$75,933
Median Household Income
$40,119
Median Earnings
$1,800
Median Rent
$988,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Trek Movers. Local & Long-Distance Moving Company in Sherman Oaks. — 14614 Burbank Blvd, Sherman Oaks, CA 91411
- Oxnard Self Storage — 14235 Oxnard St, Van Nuys, CA 91401, United States
- Standard Price Moving Company — 14715 Oxnard St, Van Nuys, CA 91411
- D&L Moving Company — 14715 Oxnard St, Van Nuys, CA 91411
- AUTOParkit™ — 6023 Hazeltine Ave, Van Nuys, CA 91401
Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant industrial property in Van Nuys with owner-user potential.
Where is this warehouse located?
The property is located at 14117 Bessemer St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Delivered vacant, ideal for immediate owner/user occupancy or value‑add investment.; Located in the high‑demand Van Nuys submarket with tight vacancy rates and strong rent growth.; Excellent freeway access: 2.1 miles from the 405 and 2.2 miles from the 101.
