$2,310,000
$2,300,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
5,000 Sqft Lot
SOLD DATE : 02/18/2022
Key Details
Sold Price $2,310,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21756644
Sold Date 02/18/22
HOA Y/N No
Year Built 1953
Lot Size 5,000 Sqft
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.
Location
State CA
County Los Angeles
Area C31 - Playa Del Rey
Zoning LAC2
Rooms
Other Rooms Shed(s)
Interior
Cooling None
Fireplace No
Appliance Disposal, Refrigerator
Exterior
Total Parking Spaces 6
Building
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 4116024029
Special Listing Condition Standard
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Bought with Rose Vasilj • Compass
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