x
Address
8517 PERSHING Drive Playa del Rey, CA
Price
$ 7,500,000
Property Attributes
  • MLS#19481536
  • TypeIncome
  • CountyLOS ANGELES
  • CityPlaya del Rey
  • AreaPlaya Del Rey
  • Zip90293
  • Style
  • Price$ 7,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11516
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Thomas Corte with 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.

Price History
6/24/2019 Listed $88,850,000
6/24/2019 91% - $8,850,000
10/30/2019 16% - $7,500,000

General Features

Co-Listing Agent Last Name Wright
Co-Listing Agent Last Name Dana
Co-Listing Agent State License # 01439943
Co-listing Agent Dana Wright - BRE#01439943
Directions 1 Block South of Manchester
Listagentaor Malibu
Listing Agent Thomas Corte - BRE#01323411
Listing Agent State License 01323411
MLS Area C31 - Playa Del Rey
Price Per Square Foot 651.27
Source System CRMLS
Special Listing Conditions Standard
Total Units 16
Zoning LAC2

Interior Features

Air Conditioning Y/N Yes
Cooling See Remarks
Laundry Features See Remarks
Laundry Y/N Yes
Total Stories 2

Exterior Features

Building Area Total 11516.00
Lot Size Acres 0.3444
Lot Size Area 15001.0000
Lot Size Source Assessor
Lot Size Square Feet 15001.00
Lot Size Units Square Feet
Number of Buildings 3

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 $4.33M
$7.5M
Visits
AVG 29
106
Year Built
AVG 1951
1954
Walkscore
AVG 69
67
Data Provided by Walkscore ® not using MLS data

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