8110 Pershing Dr

4
Baths
2,230 Sq. Ft.
$709 / Sq. Ft.
2,230
Sq. Ft.
$709
per Sq. Ft.

Description

8108-8110 Pershing Drive is a 2-unit apartment building located in Playa Del Rey, CA. This highly desirable location provides access to local restaurants, coffee shops, cafes, grocery stores and beautiful beaches in Playa Del Rey, Marina Del Rey and El Segundo. This opportunity provides an investor with flexibility in owning a fully stabilized asset with market rents, as well as the rare opportunity for an owner-occupied investment in the front 2-bedroom, 2-bath that can be available by August 2021....8108-8110 Pershing Drive is a 2-unit apartment building located in Playa Del Rey, CA. This highly desirable location provides access to local restaurants, coffee shops, cafes, grocery stores and beautiful beaches in Playa Del Rey, Marina Del Rey and El Segundo. This opportunity provides an investor with flexibility in owning a fully stabilized asset with market rents, as well as the rare opportunity for an owner-occupied investment in the front 2-bedroom, 2-bath that can be available by August 2021. The subject property is comprised of one three-bedroom, two-bath and one two-bedroom, two-bath that have been beautifully maintained and upgraded over the years. 8108-8110 Pershing Drive offers enclosed garage parking for both units, as well as two surface-level spaces, on-site laundry, and professionally maintained landscaping. Over the past 18 months, various aspects of the property have been replaced and upgraded, to the tune of $75,000.
  1. Listed by David Harrington • DRE #01320460 • Matthews Real Estate Investment Services
  2. Listed by Nabil Awada • DRE #02046840 • Matthews Real Estate Investment Services

Property Details for 8110 Pershing Drive

Zoning
LAR2
Parcel Number
4115006003
Total Units
2.0
Living Area
2230
Source Living Area
Vendor Enhanced
Area
Playa Del Rey (C31)
Vacancy Rate
3
Lot Size Area
5001
LISTING CLOSED: 01/08/2021 12:00 AM

Property Details for 8110 Pershing Drive

StatusSold
MLS #20-595420
Days on Market186
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.11 AC / 5,001 SF
CountyLos Angeles County

Location

Listing Courtesy of Matthews Real Estate Investment Services, David Harrington, DRE #01320460; Matthews Real Estate Investment Services, Nabil Awada, DRE #02046840

Sold By SaraVita Properties Inc, Steven Ghafouri, DRE #02074931

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Building Information for 8110 Pershing Drive

Stories2Residences-Year Built1959Building Size-Lot Size0.11 AC / 5,001 SF

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$9,762 per month

30 year fixed, 6.55% Interest

Principal and Interest

$8,031

Property Taxes

$1,731

HOA Dues

$0

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Property Information for 8110 Pershing Drive

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $83,983
  • Net Operating Income: $59,370.00
  • Gross Income: $86,580
  • Cap Rate: 3.50%
  • Gross Rent Multiplier: $19.58
  • Total Annual Expense: 24613
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1148
  • Lot Size Square Feet: 5001
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
Interior Features
Interior Features
  • Cooling: Other
  • Cooling Type: Other
  • Heating: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-25-2020
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $3,650.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,915.00
  • Unit Actual Rent: $3,915.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 8110 Pershing Drive

DateEvent & SourcePriceAppreciation
Jan 8, 2021

Sold

CRMLS #20595420

$1,580,000
Jan 8, 2021

Sold

CLAW #20-595420

$1,580,000
Dec 5, 2020

Accepting Backup Offers

CRMLS #20595420

DateEvent & SourcePrice
01/08/2021

Sold

CRMLS #20595420

$1,580,000
01/08/2021

Sold

CLAW #20-595420

$1,580,000
12/05/2020

Accepting Backup Offers

CRMLS #20595420

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 8110 Pershing Drive

Taxable ValueLand$1,547,877Additions$162,364Total$1,710,241
Tax Record2025$20,777 ($1,731 / month)
Home Facts
Baths4Total Finished SqFt2,230 SqFtAbove Grade Finished SqFt2,230 SqFtLot Size5,001 SqFtStyleDuplexYear Built1959Year Renovated1959ZoningLAR2CountyLOS ANGELESAPN4115-006-003

Schools near 8110 Pershing Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - 6 to 8
Rating
School
Distance
Loyola Village Elementary School
PublicK to 5

Kentwood Elementary School
PublicK to 5

Paseo Del Rey Natural Science Magnet
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, David Harrington, DRE #01320460; Matthews Real Estate Investment Services, Nabil Awada, DRE #02046840

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.