NOT LISTED FOR SALE

8400 Pershing Dr Los Angeles, CA 90293

3 Beds
3 Baths
10,552 Sq Ft
7,501 Sq Ft Lot

Last Sold January 13, 2020

Last sale price $3,800,000 $360 Per Sq Ft

36 Days on Market

About This Home

As of January 2020

Beautiful 10+1 unit complex consisting of 9 oversized one bedroom units and 1 two bedroom unit and a few blocks to the beautiful California Beaches.

Most units feature either a huge patio or balcony area.

Below the structure is a 10 car garage and two parking spaces outside.

Separately metered for Gas and Electric.

Recent upgrades include new double and triple pane windows and glass sliders.

This property is located within the zone of LA City Rent Control.

Owner pays utilities for Extra unit and the attached Nonconforming unit.

Last Agent to Sell the Property

David Holstein

The Holstein Group License #01210777 Listed on: 09/05/2019

Last Buyer's Agent

David Holstein

The Holstein Group License #01210777 Listed on: 09/05/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 7,501 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 10 Car Garage

Home Design

  • 10,552 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 9809
  • Assessor Parcel Number 4115001039

Community Details

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Fuel Expense $1
  • Insurance Expense $4,100
  • Maintenance Expense $7,500
  • Other Expense $5,080
  • Professional Management Expense $2,000
  • Trash Expense $3,000
  • Water Sewer Expense $7,650
  • New Taxes Expense $47,500
  • Operating Expense $76,832
  • Gross Income $1,281
  • Net Operating Income $142,804

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

10

Listing Details

  • CapRate: 3.36
  • Professional Management Expense: 2000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 7650.00
  • Property Type: Residential Income
  • Parcel Number: 4115001039
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 360.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Other
  • Trash Expense: 3000.00
  • Water Source: Other

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1722

Multi Family

  • Electric Expense: 1.00
  • Fuel Expense: 1.00
  • Gross Income: 1281.00
  • Gross Multiplier: 19.25
  • Gross Scheduled Income: 220740.00
  • Insurance Expense: 4100.00
  • Lot Size Area: 7501.0000 Square Feet
  • Maintenance Expense: 7500.00
  • Net Operating Income: 142804.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 76832.00
  • Operating Expense Percent: 34.81
  • Other Expense: 5080.00
  • Other Income Description: non conforming unit
  • Rent Control: Yes
  • Total Expenses: 76832.00
  • Vacancy Allowance: 1104

Tax Info

  • New Taxes Expense: 47500.00
  • Tax Lot: 28
  • Tax Tract Number: 9809

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2020 01/13/20 Sold $3,800,000 -10.6% $360 / Sq Ft
09/23/2019 09/23/19 Price Changed $4,250,000 -5.6% $403 / Sq Ft
09/05/2019 09/05/19 For Sale $4,500,000 -- $426 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Holstein

    Seller's Agent in 2020

    David Holstein

    The Holstein Group

    (310) 891-3339

    10 Total Sales

    David Holstein
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19212659

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90293

8400 Pershing Dr, Los Angeles, CA

This home is located at 8400 Pershing Dr, Los Angeles, CA 90293 since 05 September 2019. This property was built in 1970. 8400 Pershing Dr is a home located in Los Angeles County with nearby schools including Paseo Del Rey Natural Science Magnet, Loyola Village Elementary School, and Kentwood Elementary.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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