NOT LISTED FOR SALE

8527 Pershing Dr Playa Del Rey, CA 90293

8 Beds
6 Baths
4,026 Sq Ft
5,001 Sq Ft Lot

Last Sold February 18, 2022

Last sale price $2,310,000 $574 Per Sq Ft

200 Days on Market

About This Home

As of February 2022

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.

Last Agent to Sell the Property

Thomas Corte

Matilla Realty Inc License #01323411 Listed on: 07/01/2021

Co-Listed By

Dana Wright

Matilla Realty Inc License #01439943

Last Buyer's Agent

Rose Vasilj

Compass License #01963068

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 5,001

Parking

  • 4 Car Garage

Home Design

  • 4,026 Sq Ft Home

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Additional Features

  • Shed
  • 5,001 Sq Ft Lot

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 4116-024-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: 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
  • Living Area: 4026
  • Lot Acreage: 0.1148
  • Year Built: 1953
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 6.00
  • Equipment: Range/Oven, Refrigerator, Cable, Garbage Disposal
  • Price Per S Q F T: 571.29

Exterior Features

  • Other Structures: Shed(s)

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 6

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 50.89
  • Assessed Improvement Value: 76643
  • Assessed Land Percent: 49.11
  • Assessed Land Value: 73950
  • Total Assessed Value: 150593
  • Assessor Parcel Number: 4116-024-029
  • Lot Size Area: 5001

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Number Of Units: 6
  • Total Annual Expense: 0
  • Type Of Units: apartments
  • Vacancy Rate: 0

Range of Values:

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List Price
Sold Price
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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 List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $2,310,000 +0.4% $574 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
07/01/2021 07/01/21 For Sale $2,300,000 0.0% $571 / Sq Ft
04/15/2017 04/15/17 Rented $1,600 0.0% --
04/05/2017 04/05/17 Under Contract -- -- --
04/02/2017 04/02/17 For Rent $1,600 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Thomas Corte

    Seller's Agent in 2022

    Thomas Corte

    Matilla Realty Inc

    (310) 713-0552

    30 in this area

    43 Total Sales

    Thomas Corte
    Section Image
  • Dana Wright

    Seller Co-Listing Agent in 2022

    Dana Wright

    Matilla Realty Inc

    (310) 463-6814

    29 in this area

    42 Total Sales

    Dana Wright
    Section Image
  • Rose Vasilj

    Buyer's Agent in 2022

    Rose Vasilj

    Compass

    (562) 430-2303

    6 in this area

    35 Total Sales

    Rose Vasilj
    Section Image
  • Stephanie Younger

    Buyer Co-Listing Agent in 2022

    Stephanie Younger

    Compass

    (310) 499-2020

    67 in this area

    884 Total Sales

    Stephanie Younger
    Section Image
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Map

Source: The MLS

MLS Number: 21-756644

The MLS
California Los Angeles County Playa Del Rey 90293

8527 Pershing Dr, Playa Del Rey, CA

This home is located at 8527 Pershing Dr, Playa Del Rey, CA 90293 since 01 July 2021. This property was built in 1953. 8527 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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