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8527 Pershing Dr

Playa Del Rey, CA 90293
  • $2,300,000
  • STATUS: Active
  • ON SITE: 153 Days
  • MLS #: 21-756644
UPDATED: 35 min ago
$2,300,000
  • 8
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,026
    SQFT
  • $571
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-04T11:46:12.38. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/118965301
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8527 Pershing Dr Playa Del Rey, CA 90293

  • Price: $2,300,000
  • Status: Active
  • On Site: 153 Days
  • Updated: 35 min ago
  • MLS #: 21-756644
8
Beds
0
Baths
0
½ Baths
0.11
Acres
4,026
SQFT
$571
$/SQFT
1953
Built
Neighborhood:
Playa Del Rey
County:
Los Angeles
Area:
Playa Del Rey
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.
Exterior Features

Covered Parking 4 Lot Size Area 5001 Other Structures Shed(S) Parking Garage Garage - 4+ Car Total Parking 6

Interior Features

Baths Total 6.00 Cooling None Equipment Range/OvenRefrigeratorCableGarbage Disposal Heating Wall Gas

Property Features

Assessed Total Value 150593 Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 2 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Appraiser Source Lot Size Area Assessor Total Annual Expense 0 Type Of Units Apartments Year Built Source Assessor Zoning Lac2

Listing provided courtesy of Thomas Corte DRE#01323411 of Era Matilla Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-04T11:46:12.38. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
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