Sold
Last Sold Price
8 beds6 baths4,026 sqft

8527 Pershing Dr, Playa del Rey, CA 90293

Multi FamilyProperty Type
0.11 acresLot Size
1953Year Built
$574/sq ftPrice per sq ft
6 carsParking Spaces

Description

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...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.
  • Listed by: Thomas Corte DRE #01323411 Brokerage DRE #00398688 • ERA Matilla Realty
  • Listed by: Dana Wright DRE #01439943 Brokerage DRE #00398688 • ERA Matilla Realty
Listing closed: 02/18/2022 12:00 AM • Source: CLAW, MLS#: 21-756644
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Location

Listing Courtesy of ERA Matilla Realty, Thomas Corte, DRE #01323411; ERA Matilla Realty, Dana Wright, DRE #01439943

Sold By Compass, Rose Vasilj, DRE #01963068; Compass, Stephanie Younger, DRE #01365696

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$14,119 per month

30 year fixed, 7.03% Interest

Principal and Interest

$12,332

Property Taxes

$1,787

HOA Dues

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Property Information for 8527 Pershing Drive

Property Details

  • MLS Type: Residential Income
  • Zoning: LAC2
  • Parcel Number: 4116024029
  • Total Units: 6.0
  • Living Area: 4026
  • Source Living Area: Appraiser
  • Area: Playa Del Rey (C31)
  • Vacancy Rate: 0
  • Lot Size Area: 5001
  • Source Lot Size Area: Assessor
  • Assessor Parcel Number: 4116-024-029
  • Directions: West on Manchester Ave., left on pershing Dr. 1/2 block on west side of street between Manchester and Talbert.

Building Information

  • Year Built: 1953
  • Lot Size: 0.11 AC / 5,001 SF

Community / Development

Community / Development
  • Number Of Units: 6
  • Senior Community: No

Structure Info

Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: apartments

Contract Info

Contract Info
  • Disclosures: Coastal Commission Restrictions
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service

Income & Expenses Information

Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0

Land / Lot Info

Land / Lot Info
  • Lot Acreage: 0.1148
  • Lot Size Square Feet: 5001

Parking Details

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

Interior Features

Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Equipment: Range/Oven, Refrigerator, Cable, Garbage Disposal

Exterior Features

Exterior Features
  • New Construction: No
  • Other Structures: Shed(s)

Lease Terms

Lease Terms
  • Entry Date: 07-02-2021

Unit Details

Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,659.00
  • Unit Actual Rent: $1,659.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,400.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,552.00
  • Unit Actual Rent: $1,552.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,434.00
  • Unit Actual Rent: $1,434.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,705.00
  • Unit Actual Rent: $1,705.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110

Tax and Assessed Info

Tax and Assessed Info
  • Assessed Improvement Value: $76,643.00
  • Assessed Improvement Percent: 50.89
  • Assessed Land Value: $73,950.00
  • Assessed Land Percent: 49.11
  • Assessed Total Value: $150,593.00

Property History for 8527 Pershing Drive

DateEvent & SourcePriceAppreciation
Feb 18, 2022

Sold

CRMLS #21756644

$2,310,000—
Feb 18, 2022

Sold

CLAW #21-756644

$2,310,000—
Feb 13, 2022

Pending

CRMLS #21756644

—
DateEvent & SourcePrice
02/18/2022

Sold

CRMLS #21756644

$2,310,000
02/18/2022

Sold

CLAW #21-756644

$2,310,000
02/13/2022

Pending

CRMLS #21756644

—

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

Public Records for 8527 Pershing Drive

Taxable Value

Land

$2,126,978

Additions

$373,438
Total$2,500,416

Tax Record

2025

$21,444 ($1,787 / month)

Home Facts

Baths

6

Total Finished SqFt

4,026 SqFt

Above Grade Finished SqFt

4,026 SqFt

Lot Size

5,001 SqFt

Style

Multi-Family Dwelling (2-4)

Year Built

1953

Year Renovated

1953

Zoning

LAC2

County

LOS ANGELES

APN

4116-024-029

Schools near 8527 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 ERA Matilla Realty, Thomas Corte, DRE #01323411; ERA Matilla Realty, Dana Wright, DRE #01439943

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.