$2,300,000 8521 Pershing Drive Playa Del Rey, CA

MLS: 21756650   Type: Contingent   County: Los Angeles   City: Playa Del Rey   Zip: 90293  

Mortgage $10,798 /mo



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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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Price History

7/3/2021 Listed $2,300,000

Appliances Disposal, Refrigerator
Co-Listing Agent State License # 01439943
Co-listing Agent Dana Wright - BRE#01439943
Cooling None
HOA Fee 0
Listing Agent Thomas Corte - BRE#01323411
Listing Agent State License 01323411
Lot Size Square Feet 5000
MLS Area C31 - Playa Del Rey
Other Structures Shed(s)
Property Type Residential Income
Senior Community Y/N N
Special Listing Conditions Standard
Status Active Under Contract
Total Units 6
Zoning LAC2

Interior Features

Air Conditioning Y/N No
Total Baths 0

Exterior Features

Lot Size Acres 0.1148
Lot Size Area 5000
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Total Parking 6

Property Schools

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Gallery (19 photos)

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Property vs Zip Code Avg (90293)

Price 2.30M Avg 1.41M

Sqr Feet 4,026 Avg 2,196

Cost / Sqr Ft $571 Avg $643

Acres 0.114784 Avg 2.07

Visits 150 Avg 77

Days on Site 208 Avg 114

Walkscore® 75 Avg 65

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Thomas Corte with ERA Matilla Realty - 310-713-0552

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA