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    8527 Pershing Dr

    Playa Del Rey, CA 90293
    • $2,760,000
    • STATUS: Active
    • ON SITE: 237 days
    • ID#: 20-549804
    UPDATED: 57 min ago
    $2,760,000
    • 7
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,026
      SQFT
    • $686
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    This is not a stand alone sale. THREE BUILDINGS/16 UNITS: 8517 (4 UNITS), 8521 (6 UNITS) AND 8527 ( 6 UNITS) PERSHING DR. are sold only as an assemblage. Total list price for all three buildings is $7,950,000. Three blocks from the beach, This is 13,600 sf of building (living space) on a 15,001 sf lot is zoned LAC-2. According to LA City Planning, the property supports 34 possible units. Develop, remodel or buy and hold. Currently 3 units (Two 1-bedroom and One 2-bedroom) have no tenants and can be viewed on request. Prime location in the hub of Silicon Beach. Close to Manhattan, Venice, Marina Del Rey, Playa Vista and Culver City. Near transportation, shopping, schools and business. 10 double private garages and laundry on site. Commercial alley at rear of Property. 59% potential income upside

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-27T21:42:14.527. 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.
    www.randyplaice.com/homes/102851319
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    8527 Pershing Dr Playa Del Rey, CA 90293

    • Price: $2,760,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 20-549804
    7
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,026
    SQFT
    $686
    $/SQFT
    1953
    Built
    Neighborhood:
    Playa Del Rey
    County:
    Los Angeles
    Area:
    Playa Del Rey
    Property Description
    This is not a stand alone sale. THREE BUILDINGS/16 UNITS: 8517 (4 UNITS), 8521 (6 UNITS) AND 8527 ( 6 UNITS) PERSHING DR. are sold only as an assemblage. Total list price for all three buildings is $7,950,000. Three blocks from the beach, This is 13,600 sf of building (living space) on a 15,001 sf lot is zoned LAC-2. According to LA City Planning, the property supports 34 possible units. Develop, remodel or buy and hold. Currently 3 units (Two 1-bedroom and One 2-bedroom) have no tenants and can be viewed on request. Prime location in the hub of Silicon Beach. Close to Manhattan, Venice, Marina Del Rey, Playa Vista and Culver City. Near transportation, shopping, schools and business. 10 double private garages and laundry on site. Commercial alley at rear of Property. 59% potential income upside
    Exterior Features

    Lot Size Area 5001 Other Structures Other Parking Garage Garage - 4+ Car Pool YN No Tennis YN No Total Parking 4

    Interior Features

    Baths Total 6.00 Cooling None Den No Dining Room No Equipment CableDryerGarbage DisposalRange/OvenRefrigeratorWasher Family Room No Heating Wall Gas

    Property Features

    Gross Income 123145 Gross Operating Income 122556 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Like Units6 6 Net Operating Income 79836.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Appraiser Source Lot Size Area Assessor Total Annual Expense 42720 Type Of Units Apts. Zoning Lac2

    Listing provided courtesy of Thomas Corte DRE#01323411 of Era Matilla Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-27T21:42:14.527. 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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    Valencia CA, 91355