$2,415,000
$2,395,999
0.8%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,464 SqFt
SOLD DATE : 02/18/2022
Key Details
Sold Price $2,415,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,464 sqft
Price per Sqft $697
MLS Listing ID 21-756622
Sold Date 02/18/22
Bedrooms 8
Year Built 1954
Lot Size 5,000 Sqft
Acres 0.1148
Property Description
HUGE PRICE REDUCTION ON THIS 3 BUILDING, 16-UNIT ASSEMBLAGE. This is not a stand alone sale, but a part of the three buildings at 8517, 8521, and 8527 Pershing Drive. All three building are being sold at the packaged price of $6.995,000. The assemblage consists of 13,600 sf of living space on a 15,001 sf lot. The lots are zoned LAC-2 with an M-1 overlay, allowing for a retail build to sidewalk and residential apts./condos to be built above as a mixed use. Currently 34 units are allowed per LA City Planning Dept. Height limit is 44 ft. Subterranean parking can be built off commercial alley in the rear of the building. 100 x 150 lot. 7 units delivered vacant at COE. Huge upside in this Silicon Beach opportunity zone. Prime Beach location with easy access to LAX, Playa Vista, Manhattan Beach, El Segundo and The Marina. Gentrifying area along Westchester Parkway to the East and South along World Way West. 59% upside for a buy and hold while obtaining permits and plans for a development project.
Location
State CA
County Los Angeles
Area Playa Del Rey
Zoning LAC2
Rooms
Other Rooms Shed(s)
Interior
Heating Wall Gas
Cooling None
Equipment Dryer, Cable, Washer, Refrigerator, Range/Oven, Garbage Disposal
Laundry Community
Exterior
Garage Garage - 2 Car
Garage Spaces 3.0
Building
Story 2
Others
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "