NOT LISTED FOR SALE

8701 Pershing Dr Playa Del Rey, CA 90293

Estimated Value: $1,569,000 - $2,662,000

4 Beds
4 Baths
2,090 Sq Ft
$936/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $1,430,000 $684 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $12,143/month

6 Days on Market

Highlights

  • Wood Flooring
  • Sun or Florida Room
  • Quartz Countertops
  • Kentwood Elementary Rated A-
  • Corner Lot
  • Private Yard

About This Home

As of July 2022

Welcome to this charming DUPLEX property situated in the lovely Playa del Rey seaside community, where refreshing ocean breezes, salty air, and white sandy beaches await! This property is situated on a corner lot affording extra parking options, typicaly a challenge to find in a beach community. The timeless picket fence and inviting gate with arbor welcomes you and your guests each and every day. Tremendous opportunity awaits! Lease BOTH units out or reside in one and lease out the other. Each unit offers a large living room, an updated fully outfitted kitchen (one is BRAND NEW), with two spacious upstairs bedrooms and one and a half baths. A real plus here is the two-car garage, plus gated open parking space. One unit includes an enclosed sunroom, while the other has a fully covered patio as well. A private covered front porch, ideal for shady relaxation, and a sun-soaked backyard patio complete the exterior features. Ideal location, and an easy beach commute ... take a short stroll or quick bike ride and take in a deep breath! You are home!

Last Agent to Sell the Property

Carole Geronsin

BHHS CA Properties License #00604118 Listed on: 06/17/2022

BHHS CA Properties

Co-Listed By

Steven Young

BHHS CA Properties License #01929984

Last Buyer's Agent

Nabil Awada

Matthews Real Estate Investment Services License #02046840

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,793

Year Built

  • Built in 1948

Lot Details

  • 5,103 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Block Wall Fence
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Rear-Facing Garage
  • Two Garage Doors
  • No Driveway
  • On-Street Parking
  • RV Potential

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,090 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Electric Fireplace
  • Double Pane Windows
  • Blinds
  • Sliding Doors
  • Living Room with Fireplace
  • Sun or Florida Room
  • Pull Down Stairs to Attic

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • Mirrored Closets Doors
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 1 / 32
  • Tax Tract Number 8557
  • Assessor Parcel Number 4117030001
  • $358 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,793

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: Steven Young
  • Other Phone Number: 646-373-1965
  • Price Per Unit: 799950
  • Property Attached: No
  • View: No
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4117030001
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Pull Down Stairs to Attic, Quartz Counters, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Living Room, Electric
  • Levels: Two
  • Price Per Square Foot: 684.21
  • Room Type: All Bedrooms Up, Kitchen, Living Room, Sun
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Block, Vinyl
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Concrete, Garage, Garage Faces Rear, Garage - Two Door, No Driveway, RV Potential, Street, Uncovered
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Level with Street, Rectangular Lot, Yard
  • Lot Size Sq Ft: 5103.00
  • Lot Size Acres: 0.1171

Multi Family

  • Gross Income: 72000.00
  • Gross Scheduled Income: 67200.00
  • Lot Size Area: 5103.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: 32
  • Tax Census Tract: 2781.02
  • Tax Lot: 1
  • Tax Tract Number: 8557
  • TaxOtherAnnualAssessmentAmount: 358.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Aug 1, 2022
Sold by
Arvada Nabil M
Bought by
Rey Del Playa Llc
Seller's Agent
Carole Geronsin
BHHS CA Properties
Buyer's Agent
Nabil Awada
Matthews Real Estate Investment Services
List Price
$1,599,900
Sold Price
$1,430,000
Premium/Discount to List
-$169,900
-10.62%
Current Estimated Value
$1,956,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$526,448
Avg. Annual Appreciation
10.71%
Original Mortgage
$1,072,500
Outstanding Balance
$1,009,040
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$947,408

Purchase Details

Listed on
Jun 17, 2022
Closed on
Jul 1, 2022
Sold by
Nelson Robert A
Bought by
Awada Nabil M
Seller's Agent
Carole Geronsin
BHHS CA Properties
Buyer's Agent
Nabil Awada
Matthews Real Estate Investment Services
List Price
$1,599,900
Sold Price
$1,430,000
Premium/Discount to List
-$169,900
-10.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,072,500
Outstanding Balance
$1,009,040
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$947,408

Purchase Details

Closed on
Feb 28, 1994
Sold by
Hasenauer Frank E and Hasenauer Catherine Z
Bought by
Nelson Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
4%
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Rey Del Playa Llc -- Accommodation/Courtesy Recordi
Awada Nabil M $1,430,000 First American Title Company O
Nelson Robert A $296,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Awada Nabil M $1,072,500
Previous Owner Nelson Robert A $158,750
Previous Owner Nelson Robert A $250,000
Previous Owner Nelson Robert A $203,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $1,430,000 -10.6% $684 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $1,599,900 -- $766 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,793 $1,487,771 $1,041,440 $446,331
2024 $17,793 $1,458,600 $1,021,020 $437,580
2023 $17,450 $1,430,000 $1,001,000 $429,000
2022 $5,824 $474,065 $341,141 $132,924
2021 $5,741 $464,770 $334,452 $130,318
2019 $5,573 $451,276 $324,533 $126,743
2018 $5,465 $442,434 $318,170 $124,264
2016 $5,211 $424,977 $305,816 $119,161
2015 $5,136 $418,595 $301,223 $117,372
2014 $5,163 $410,396 $295,323 $115,073
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22130799

California Regional Multiple Listing Service (CRMLS)

APN: 4117-030-001