Nudson Villas | 16-Unit Beach Apartment Bldgs

8517-8527 Pershing Dr, Playa Del Rey, CA 90293

Property Info

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.

  • City : Playa Del Rey
  • State : CA
  • Zip Code : 90293
  • Property Type : Multi-family
  • Square Feet : 13440
  • Lot Size : 0.34 AC
  • Year Built : 1953
  • Sale Type : Investment | Redevelopment
  • Occupancy : 75%
  • Price/Unit : $468,750
  • Stories | Buildings : 2 | 3
  • Unit Mix: : (10) 1 Bed 1 Bath | (6) 2 Bed 1 Bath
  • Parking | 2 Car Garage : 0.74/1,000 SF | 6 (Two per Building)
  • Amenties : Common Laundry | Oven | Refrigerator
  • Zoning : LAC2-1VL
  • Property ID : 4116-024-027, 028, 029
Status:Active

Additional Information

Subject to relocation restrictions by LAHD Rent Control, Coastal Commission Influence and Coastal Transportation Corridor Specific Plan.

Important Information

  • Buyers Premium :2%
  • Broker Coop :2%
  • Financing :No
  • Inspection Contingency :Yes
  • Showings :Call Eric Koesterer @ 818.426.2660

Auction Contact

Broker Contact

  • Name :Thomas Corte & Dana Wright
  • Firm :Corte & Wright Commercial | ERA Matilla Realty
  • Phone :(310) 713-0552
  • tomcorte@hotmail.com
  • LIC Number :01323411 | 01439943