8517 Pershing Dr

$8,850,000, 8 Beds 4 Baths 11,516 Sqft

About This Property

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.

Essential Information

MLS® #19481536
Price$8,850,000
Bedrooms8
Bathrooms4.00
Square Footage11,516
Acres0.00
Year Built1954
TypeResidential Income
Sub-TypeApartment Building
StatusActive

Community Information

Address8517 Pershing Dr
AreaPlaya Del Rey (C31)
CityPlaya Del Rey
CountyLos Angeles
StateCA
Zip Code90293

Amenities

Parking Spaces10

Parking

Garage Is Attached, Garage - 4+ Doors (N)

Interior

Interior FeaturesOther
HeatingWall Gas
CoolingOther
# of Stories2

Additional Information

Date ListedJune 22nd, 2019
Days on Market28
ZoningLAC2
HOA Fees0.00

Listing Details

AgentThomas Corte(01323411)
OfficeERA Matilla Realty

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Listing information last updated on July 21st, 2019 at 6:01am PDT.

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