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8521 Pershing Dr

Venice, CA 90293
  • $2,325,000
  • STATUS: Active
  • ON SITE: 234 days
  • ID#: 20-654250
UPDATED: 21 min ago
$2,325,000
  • 7
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,026
    SQFT
  • $577
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Description

HUGE PRICE REDUCTION! This is not a stand-alone sale. It is an assemblage of THREE BUILDINGS/16 UNITS; 8517 PERSHING, 8521 PERSHING, & 8527 PERSHING DR. All three lots are sold as one package (combined listed price is REDUCED TO $6,950,000). the assemblage consists of 13,600 sf. of living space on a 15,001 sf lot. Currently 7 units are vacant. Per LA City Planning, 34 units are approved on the site. It assemblage is zoned LAC-2, allowing retail/office on the first level with additional residential units above. Height limit is 44 ft. There is commercial alley access in back and retail has no easement (buildable to sidewalk). Prime hub location to Silicon Beach commercial development on Westchester Parkway. Close to LAX, Manhattan Beach, Playa Vista, Culver City and Marina Del Rey. Buy and hold-59% upside income potential. Or build to suit when conditions are more favorable. Great opportunity and new attractive price.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T13:51:34.223. 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.thepayabgroup.com/homes/111530862
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8521 Pershing Dr Venice, CA 90293

  • Price: $2,325,000
  • Status: Active
  • Updated: 21 min ago
  • ID#: 20-654250
7
Beds
0
Baths
0
½ Baths
0.11
Acres
4,026
SQFT
$577
$/SQFT
1953
Built
Neighborhood:
Playa Del Rey
County:
Los Angeles
Area:
Playa Del Rey
Property Description
HUGE PRICE REDUCTION! This is not a stand-alone sale. It is an assemblage of THREE BUILDINGS/16 UNITS; 8517 PERSHING, 8521 PERSHING, & 8527 PERSHING DR. All three lots are sold as one package (combined listed price is REDUCED TO $6,950,000). the assemblage consists of 13,600 sf. of living space on a 15,001 sf lot. Currently 7 units are vacant. Per LA City Planning, 34 units are approved on the site. It assemblage is zoned LAC-2, allowing retail/office on the first level with additional residential units above. Height limit is 44 ft. There is commercial alley access in back and retail has no easement (buildable to sidewalk). Prime hub location to Silicon Beach commercial development on Westchester Parkway. Close to LAX, Manhattan Beach, Playa Vista, Culver City and Marina Del Rey. Buy and hold-59% upside income potential. Or build to suit when conditions are more favorable. Great opportunity and new attractive price.
Exterior Features

Lot Size Area 5000 Other Structures None Parking Garage Garage - 2 CarAttachedShared Driveway Total Parking 4

Interior Features

Baths Total 6.00 Cooling None Equipment CableGarbage DisposalRange/OvenRefrigerator Heating Wall Gas

Property Features

Assessed Total Value 135575 Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 1 Like Units3 2 Like Units4 1 Like Units5 1 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 0 Type Of Units Apartments Year Built Source Assessor 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 2021-06-24T13:51:34.223. 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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The Payab Group/Berkshire Hathaway HomeServices California Properties
16810 Ventura Blvd.
Encino CA, 91436