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.
Garage Is Attached, Garage - 4+ Doors (N)
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Listing information last updated on July 21st, 2019 at 6:01am PDT.