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Listing Details

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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 California Regional Multiple Listing Service, Inc. as of 2021-09-19T23:25:41.927. 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 deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
www.thenajargroup.com/homes/118966804
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8517 Pershing Drive Playa Del Rey, CA 90293

  • Price: $2,395,999
  • Status: Active
  • Updated: 61 min ago
  • ID#: 21756622
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1954
Built
Neighborhood:
C31 - Playa Del Rey
County:
Los Angeles
Area:
C31 - 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

Other Structures Shed(S) Parking Features Door-MultiGarage

Interior Features

Appliances DisposalRefrigerator Cooling None Cooling YN No

Property Features

Disclosures Coastal Commission Restrictions Gross Income 0 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lac2

Listing provided courtesy of Thomas Corte of Era Matilla Realty and Dana Wright of Era Matilla Realty


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T23:25:41.927. 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 deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
 
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The Najar Group | Keller Williams Realty
1014 Broadway Ste C
El Cajon CA, 92021