8517 Pershing Drive

    Playa Del Rey, CA 90293
    • $7,500,000
    • STATUS: Active
    • ON SITE: 141 days
    • ID#: 19481536
    Price Reduced
    UPDATED: 141 min ago
    $7,500,000
    • 8
      BEDS
    • 0.34
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 11,516
      SQFT
    • $651
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    This Prime Investment Property is ideal for developers. C-2, Can build 34 office/retail units in a commercial use application. Height limit is 44'. Close proximity to Playa Vista, Manhattan Beach, The Beach at Playa Del Rey, all freeways, LAX and Marina Del Rey. Huge upside potential in an under developed market. Currently has 16 units that require tenant relocation under LAHD restrictions. Commercial alley access. 34,000 SQ FT OF OFFICE/RETAIL DEVELOPMENT POSSIBLE! 1.5 FAR. Per LA Planning Dept., Also, 34 residential units can be developed. Three blocks from the beach. One block from the huge commercial redevelopment project on Westchester Parkway. Sold only as an assemblage (3 individual buildings). Subject to relocation restrictions by LAHD Rent Control, Coastal Commission Influence and Coastal Transportation Corridor Specific Plan. Zoned LAC2-1VL. Mixed commercial use zoning.

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    Based on information from CARETS as of 2019-11-12T23:47:42.517. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.brandiprattrealestate.com/homes/96237574

    8517 Pershing Drive Playa Del Rey, CA 90293

    • Price: $7,500,000
    • Status: Active
    • Updated: 141 min ago
    • ID#: 19481536
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.34
    Acres
    11,516
    SQFT
    $651
    $/SQFT
    1954
    Built
    Neighborhood:
    Playa Del Rey (C31)
    County:
    Los Angeles
    Area:
    Playa Del Rey (C31)
    Property Description
    This Prime Investment Property is ideal for developers. C-2, Can build 34 office/retail units in a commercial use application. Height limit is 44'. Close proximity to Playa Vista, Manhattan Beach, The Beach at Playa Del Rey, all freeways, LAX and Marina Del Rey. Huge upside potential in an under developed market. Currently has 16 units that require tenant relocation under LAHD restrictions. Commercial alley access. 34,000 SQ FT OF OFFICE/RETAIL DEVELOPMENT POSSIBLE! 1.5 FAR. Per LA Planning Dept., Also, 34 residential units can be developed. Three blocks from the beach. One block from the huge commercial redevelopment project on Westchester Parkway. Sold only as an assemblage (3 individual buildings). Subject to relocation restrictions by LAHD Rent Control, Coastal Commission Influence and Coastal Transportation Corridor Specific Plan. Zoned LAC2-1VL. Mixed commercial use zoning.
    Exterior Features

    Parking Spaces Total 10 Parking Type Garage - 4+ DoorsGarage Is Attached

    Interior Features

    Cooling Type Other Heating Fuel Wall Gas Heating Type Wall Gas Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2

    Property Features

    Adjusted Gross Income 0.00 Assessed Improvement Value 126277.00 Assessed Land Value 125058.00 Country United States Of America Expense Total Annual 0.00 Gross Operating Income 0.00 Gross Rent Multiplier 0.00 Hoa YN N Legal Disclosures Coastal Commission Restrictions Lot Size Source Public Records Net Operating Income 0.00 Number Of Buildings 3 Special Conditions Standard Sale Square Footage Source Appraiser Unit Monthly Rent01 19197.00 Unit Monthly Rent02 11994.00 Unit Projected Total Monthly Rent01 19197.00 Unit Projected Total Monthly Rent02 11994.00 Unit Total Monthly Rent01 19197.00 Unit Total Monthly Rent02 11994.00 Unit Type01 10 Unit Type02 6 Units Total In Complex 16 Zoning Lac2

    Listing provided courtesy of Thomas Corte DRE#01323411 of Era Matilla Realty and Dana Wright CA DRE# 01439943 of Era Matilla Realty.


    Based on information from CARETS as of 2019-11-12T23:47:42.517. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583