Price $2,325,000
Status Active
Beds 0
Baths 0 Bath
Home size n/a
Lot Size 4,792 sqft
Days on Market 232
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 is 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.
Property Type(s): Residential Income
Last Updated 5/27/2021 Year Built 1953
Community Playa Del Rey County Los Angeles

Price History

Prior to May 13, '21 $2,450,000
May 13, '21 - May 17, '21 $2,300,000
May 17, '21 - Today $2,325,000

Additional Details

AIR None
APPLIANCES Disposal, Refrigerator
AREA Playa Del Rey
GARAGE Door-Multi, Garage, Shared Driveway, Yes
LOT 4792 sq ft
PARKING Door-Multi,Garage,Shared Driveway
STORIES 2
ZONING LAC2

Location

 

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Listing provided by : Thomas Corte CalDRE: 01323411, ERA Matilla Realty

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Based on information from California Regional Multiple Listing Service, Inc. as of 6/20/21 1:03 PM PDT and /or other sources. 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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