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    8521 Pershing Dr

    Venice, CA 90293
    • $2,450,000
    • STATUS: Active
    • ON SITE: 29 days
    • ID#: 20-654250
    UPDATED: 67 min ago
    $2,450,000
    • 7
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,026
      SQFT
    • $609
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    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 $7,450,000). 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 2020-12-01T20:42:52.817. 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.trulinerealty.com/homes/111530862
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    8521 Pershing Dr Venice, CA 90293

    • Price: $2,450,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: 20-654250
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,026
    SQFT
    $609
    $/SQFT
    1953
    Built
    Neighborhood:
    Playa Del Rey
    County:
    Los Angeles
    Area:
    Playa Del Rey
    Property Description
    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 $7,450,000). 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 2020-12-01T20:42:52.817. 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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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211