Address
8517 Pershing Drive Playa del Rey, CA
Price
$ 2,500,000
Property Attributes
  • MLS#20654276
  • TypeIncome
  • CountyLOS ANGELES
  • CityPlaya del Rey
  • AreaPlaya Del Rey
  • Zip90293
  • Style
  • Price$ 2,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3464
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Thomas Corte with ERA Matilla Realty.
Property Description

This is not a stand-alone sale. It is an assemblage of THREE BUILDINGS/16 UNITS; 8517 PERSHING, 8521 PERSHING, & 8527 PERSHING DR. All three lots are sold as one package (combined listed price is $7,450,000). the assemblage consists of 13,600 sf. of living space on a 15,001 sf lot. Currently 7 units are vacant. Per LA City Planning, 34 units are approved on the site. It assemblage is zoned LAC-2, allowing retail/office on the first level with additional residential units above. Height limit is 44 ft. There is commercial alley access in back and retail has no easement (buildable to sidewalk). Prime hub location to Silicon Beach commercial development on Westchester Parkway. Close to LAX, Manhattan Beach, Playa Vista, Culver City and Marina Del Rey. Buy and hold-59% upside income potential. Or build to suit when conditions are more favorable. Great opportunity and new attractive price.

Price History
11/2/2020 Listed $2,500,000

General Features

Appliances Disposal, Refrigerator
Co-Listing Agent Last Name Dana
Co-Listing Agent Last Name Wright
Co-Listing Agent State License # 01439943
Co-listing Agent Dana Wright - BRE#01439943
Cooling None
Directions West on Manchester Ave. to Pershing Dr. Turn left (south). Property is located on west side of Pershing.
Listagentaor Malibu
Listing Agent Thomas Corte - BRE#01323411
Listing Agent State License 01323411
MLS Area C31 - Playa Del Rey
Parking Features Shared Driveway, Garage - Two Door
Price Per Square Foot 721.71
Source System CRMLS
Special Listing Conditions Standard
Total Units 4
Zoning LAC2

Interior Features

Appliances Y/N Yes
Total Stories 2

Exterior Features

Building Area Total 3464.00
Lot Size Acres 0.1100
Lot Size Area 5000.0000
Lot Size Source Assessor
Lot Size Square Feet 5000.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90293

Price
AVG $2.51M
$2.5M
Visits
AVG 25
53
Year Built
AVG 1953
1954
Walkscore
AVG 71
75
Data Provided by Walkscore ® not using MLS data

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