8517-8527 Pershing Dr, Playa Del Rey, CA 90293
Zetabid and Corte & Wright Commercial are pleased to present Nudson Villas for sealed bid auction. 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 auction information and due diligence information such as current rent roll, financials and other important documents. Pre-auction offers will be considered!
*Calculated at the opening bid
Subject to relocation restrictions by LAHD Rent Control, Coastal Commission Influence and Coastal Transportation Corridor Specific Plan.