Playa del Rey, CA 90293 8517 Pershing Drive

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  • MLS# 21756622
  • 07/02/2021
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Presented By: Thomas Corte with ERA Matilla Realty - 310-713-0552
  • Beds • 8
  • Baths • 4
  • SQFT • 3,464
  • Garage • 1
  • Year Built • 1954

Home Details

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.
Presented By: Thomas Corte with ERA Matilla Realty - 310-713-0552

Interior Features for 8517 Pershing Drive

Other Interior Features

Air Conditioning Y/NNo
Laundry FeaturesCommon Area

General for 8517 Pershing Drive

AppliancesDisposal, Refrigerator
Co-Listing AgentDana Wright - BRE#01439943
Co-Listing Agent State License #01439943
CoolingNone
Listing AgentThomas Corte - BRE#01323411
Listing Agent State License01323411
Lot Size Square Feet5000
MLS AreaC31 - Playa Del Rey
Other StructuresShed(s)
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
StatusActive
Total Units4
ZoningLAC2

Exterior for 8517 Pershing Drive

Lot Size Acres0.11
Lot Size Area5000
Lot Size SourceAssessor
Lot Size UnitsSquare Feet
Number of Buildings1
Parking FeaturesDoor-Multi, Garage

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $2,395,999
MLS#21756622
List Date 07/02/2021
Property Type Income
Phone 310.658.1749
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