Van Nuys Industrial
14117 Bessemer St, Los Angeles, CA 91401
Single-tenant industrial property in Van Nuys with owner-user potential.
Type:Industrial
Property size:
4,904 SFLot size:
0.14 AcresPrice / SF:
$366/SF- Added:
- Sep 30, 2024
- Days on Market:
- 608
- Last Refresh:
- May 12 at 11:19 pm
Property Features for 14117 Bessemer St
General Information
- Standard status
- Active
- Size
- 4,904 SF
- Lot size
- 0.14 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1951
Listing agent Martin Agnew License #CA 01339034
Listing office Marcus & Millichap - Encino
Listing date Sep 30, 2024
Source Crexi
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
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.
- Industrial property featuring approximately 4,904 square feet on a 0.14‑acre M2‑2 zoned parcel.
- Features include a bow truss ceiling (12’-19’ clear height), one grade‑level loading door, and 120/240V 3 Phase Power.
- Includes a detached 504 square foot office building and a fenced parking lot for up to five vehicles.
Overview
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.7k | $38.88 |
| − Vacancy | −$35.5k | −$7.23 |
| EGI | $155.2k | $31.65 |
| − OpEx | −$38.8k | −$7.91 |
| NOI | $116.4k | $23.74 |
4,904 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
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 local authorities.
Location Intelligence
Current Use by Public Records
Office Units
Similar Places Nearby
- AUTOParkit™ — 6023 Hazeltine Ave, Van Nuys, CA 91401
- Personal Storage — 13005 Victory Blvd, Valley Glen, CA 91606
- Rocket Moving Services Inc — 13609 Victory Blvd #136, Van Nuys, CA 91401
- Nannybag Luggage Storage — 13027 Victory Blvd, North Hollywood, CA 91606
- Rockstar Pro Movers — 13609 Victory Blvd #245, Van Nuys, CA 91401
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.44048
- Latitude
- 34.18092
Nearby Similar for Sale
FAQs
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.
