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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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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3,464SQFT
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$722$/SQFT
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T00:25:45.477. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.