8517-8527 Pershing Dr, Playa Del Rey, CA 90293
Zetabid is now accepting offers on Nudson Villas. This 16-unit low rise apartment building is a unique opportunity to own three sister apartment buildings only 3 blocks from the beach in Playa del Rey. Nestled on the back of Playa Del Rey’s first residential hill with ocean view homes, this is a prime value-add investment property with most rents 20% below market and is ideal for future residential condo over retail development of 34 to 40 units with up to 15,000 SF of retail space. Twenty-five percent of the units have been left vacant to accommodate a faster conversion. Community laundry room and 6 attached 2 car garages on site as well. Please visit Zetabid.com for due diligence information such as current rent roll, financials and other important documents.
Subject to relocation restrictions by LAHD Rent Control, Coastal Commission Influence and Coastal Transportation Corridor Specific Plan.