x
Price Reduction
Address
8517 Pershing Drive Playa Del Rey, CA
Price
$ 8,850,000
Property Attributes
  • MLS#19481536
  • TypeIncome
  • CountyLOS ANGELES
  • CityPlaya Del Rey
  • AreaPlaya Del Rey
  • Zip90293
  • Style
  • Price$ 8,850,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11516
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
ERA Matilla Realty
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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
6/24/2019 Listed $88,850,000
6/24/2019 91% - $8,850,000

General Features

Grn Certif Rating 0.00
MLS Area Playa Del Rey
Maintenance 0.00
Property SubType Residential Income
Property Type Residential Income
Senior Community Y/N No
Total Units 16
Transaction Type Sale
Trash Expense 0.00
Water Sewer Expense 0.00
Year Built 1954
Zoning LAC2

Interior Features

# Of Ranges 0.00
Cooling Other
Dishwasher(s) 0.00
Disposal(s) 0.00
Living Area 11516.00
Refrigerators 0.00
Total Bedrooms 8

Exterior Features

Bathrooms 4.00
Land Lease Amount 0.00
Lot Size Acres 0.34
Lot Size Source (Assessor)
Lot Size Square Feet 15001.00
Lot Size Units SqFt
Number of Buildings 3
Private Pool Y/N No
Total Parking 10

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90293

Price
AVG $4.29M
$8.85M
Visits
AVG 9
10
Year Built
AVG 1958
1954
Walkscore
AVG 68
67
Data Provided by Walkscore ® not using MLS data

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