Address
8521 Pershing Drive Playa del Rey, CA
Price
$ 2,300,000
Property Attributes
  • MLS#21756650
  • TypeIncome
  • CountyLOS ANGELES
  • CityPlaya del Rey
  • AreaPlaya Del Rey
  • Zip90293
  • Style
  • Price$ 2,300,000
  • Bedrooms15
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage4026
  • Lot Size5,000 SqFt
Listing Provided Courtesy Of:
Thomas Corte with ERA Matilla Realty - 310-713-0552
Data Source:
California Regional MLS (CRMLS)
Property Description

HUGE PRICE REDUCTION ON THIS 3 BUILDING, 16-UNIT ASSEMBLAGE. This is not a stand alone sale, but a part of the three buildings at 8517, 8521, and 8527 Pershing Drive. All three building are being sold at the packaged price of $6.995,000. The assemblage consists of 13,600 sf of living space on a 15,001 sf lot. The lots are zoned LAC-2 with an M-1 overlay, allowing for a retail build to sidewalk and residential apts./condos to be built above as a mixed use. Currently 34 units are allowed per LA City Planning Dept. Height limit is 44 ft. Subterranean parking can be built off commercial alley in the rear of the building. 100 x 150 lot. 7 units delivered vacant at COE. Huge upside in this Silicon Beach opportunity zone. Prime Beach location with easy access to LAX, Playa Vista, Manhattan Beach, El Segundo and The Marina. Gentrifying area along Westchester Parkway to the East and South along World Way West. 59% upside for a buy and hold while obtaining permits and plans for a development project.

Price History
7/3/2021 Listed $2,300,000

General Features

Appliances Disposal, Refrigerator
Co-Listing Agent State License # 01439943
Co-listing Agent Dana Wright - BRE#01439943
Cooling None
Listing Agent Thomas Corte - BRE#01323411
Listing Agent State License 01323411
Lot Size Square Feet 5000
MLS Area C31 - Playa Del Rey
Other Structures Shed(s)
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 6
Zoning LAC2

Exterior Features

Lot Size Acres 0.11
Lot Size Area 5000
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Total Parking 6

Amenities

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

Property vs Income Average in 90293

Price
AVG $2.87M
$2.3M
Visits
AVG 161
145
Year Built
AVG 1960
1953
Walkscore
AVG 75
75
Data Provided by Walkscore ® not using MLS data

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