8517 Pershing Dr

Playa Del Rey, CA 90293 View Map $2,300,000 Schedule a Tour
Sq.Ft. Lot5,000
Year1954
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:20654276
On Site:155 Days
Lot Size:5,000 Sq. Ft.
County:Los Angeles
HUGE PRICE REDUCTION! 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 REDUCED TO $6,950,000). 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.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
5/13/2021$2,500,000$2,300,000-8%

Community Information

Address:8517 Pershing Dr Playa Del Rey, CA 90293
Zip Code:90293

Architecture

Year Built:1954
Stories:2
Number of Buildings: 1
Total Units: 4
Stories Total: 2
Unit 1: 1 Unit•2 Beds•1 Bath•Unfurnished•$2,600 pro forma
Unit 6: 1 Unit•2 Beds•1 Bath•Unfurnished•$1,924 actual rent•$1,924 total rent•$2,600 pro forma
Unit 7: 1 Unit•2 Beds•1 Bath•Unfurnished•$1,150 actual rent•$1,150 total rent•$2,600 pro forma
Unit 8: 1 Unit•2 Beds•1 Bath•Unfurnished•$1,821 actual rent•$1,821 total rent•$2,600 pro forma
Parking Features: Door-Multi, Garage, Shared Driveway

Features / Amenities

Appliances: Disposal, Refrigerator

Property Features

Lot Size: 0.11 Acres / 5,000 Sq. Ft.
Zoning:LAC2
Directions:West on Manchester Ave. to Pershing Dr. Turn left (south). Property is located on west side of Pershing.

Tax and Financial Info

Disclosures: CoastalZone, SpecialStudyArea

Schools

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8517 Pershing Dr Playa Del Rey, CA 90293
GO SEE THIS LISTING
8517 Pershing Dr Playa Del Rey, CA 90293
 
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Listing provided courtesy of Thomas Corte, Era Matilla Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of May 15, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.