Address
8521 Pershing Drive Venice, CA
Price
$ 2,325,000
Property Attributes
  • MLS#20654250
  • TypeIncome
  • CountyLOS ANGELES
  • CityVenice
  • AreaPlaya Del Rey
  • Zip90293
  • Style
  • Price$ 2,325,000
  • Bedrooms7
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size5,000 SqFt
Listing Provided Courtesy Of:
Thomas Corte with ERA Matilla Realty.
Data Source:
CRMLS
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.

Price History
11/2/2020 Listed $2,450,000
5/13/2021 7% - $2,300,000

General Features

Appliances Disposal, Refrigerator
Co-Listing Agent State License # 01439943
Cooling None
Listing Agent Thomas Corte - BRE#01323411
Listing Agent State License 01323411
MLS Area C31 - Playa Del Rey
Parking Features Door-Multi, Garage, Shared Driveway
Property Type Residential Income
Special Listing Conditions Standard
Status Active
Total Units 6
Zoning LAC2

Exterior Features

Lot Size Acres 0.11
Lot Size Area 5000
Lot Size Source Assessor
Lot Size Square Feet 5000
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90293

Price
AVG $2.65M
$2.33M
Visits
AVG 107
291
Year Built
AVG 1956
1953
Walkscore
AVG 70
75
Data Provided by Walkscore ® not using MLS data

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