Playa Del Rey, CA 90293,8517 Pershing DR
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Playa Del Rey, CA 90293,8517 Pershing DR
Playa Del Rey, CA 90293,8517 Pershing DR
Playa Del Rey, CA 90293,8517 Pershing DR
Playa Del Rey, CA 90293,8517 Pershing DR

$2,415,000

Est. payment /mo

$2,395,999

0.8%
Est.Price: ?

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8517 Pershing DR Playa Del Rey, CA 90293

5,000 Sqft Lot

SOLD DATE : 02/18/2022

Key Details

Sold Price $2,415,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 21756622

Sold Date 02/18/22

HOA Y/N No

Year Built 1954

Lot Size 5,000 Sqft

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.

Location

State CA

County Los Angeles

Area C31 - Playa Del Rey

Zoning LAC2

Rooms

Other Rooms Shed(s)

Interior

Cooling None

Fireplace No

Appliance Disposal, Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Garage Door-Multi, Garage

Parking Type Door-Multi, Garage

Total Parking Spaces 3

Building

Story 2

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 4116024027

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Thomas Corte • ERA Matilla Realty
Bought with Rose Vasilj • Compass

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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