363 Pershing Dr - Multi-Family FOR SALE


Playa del Rey, CA 90293
$2,495,000 USD
818-517-0845
363 Pershing Dr, Playa del Rey, CA for Sale
$2,495,000 USD
Multi-Family - FOR SALE
1/40
null | 5.11% Cap Rate

363 Pershing Dr
Playa del Rey, CA 90293


HIGHLIGHTS

  • Rare Playa del Rey Owner-User Opportunity
  • Current 5.11% CAP Rate
  • Expansive 2,000+ SF 2BR / 3.5BA Residence with Private Rooftop Deck and Sweeping Views
  • Highly Desirable Playa del Rey Residential Setting
  • Secured On-Site Parking
  • Single-Family-Style Living with Substantial Rental Income

OVERVIEW

Realty Investment Advisors is pleased to present 332 Culver Blvd & 363 Pershing, a rare coastal income property highlighted by an extraordinary 2,000+ SF two-bedroom, three-and-one-half-bath two-story residence, ideally located in the heart of Playa del Rey. A private rooftop deck with sweeping views further distinguishes the residence, providing a unique outdoor setting for entertaining and relaxation. Offering the space and privacy typically associated with a single-family home, the oversized residence creates a compelling opportunity for an owner-user to enjoy an exceptional coastal lifestyle while benefiting from substantial rental income generated by the balance of the property. In addition to the residence, the property includes four additional legal units consisting of one two-bedroom one and half bath and three one-bedroom one and half bath residences, along with a separately leased non-conforming unit providing supplemental income. The residences offer well-designed floor plans and tasteful updates, with select units featuring private balconies. The property also benefits from separately metered electricity, on-site laundry, secured on-grade parking, and portions of updated plumbing. Located just minutes from the beach, Playa del Rey Lagoon, and the neighborhood's expansive natural open space, the property offers a distinctly residential coastal setting with convenient access to Marina del Rey, Silicon Beach, LAX, and the broader Westside. 332 Culver Blvd & 363 Pershing offers a combination rarely available in the Los Angeles multifamily market: a substantial owner's residence, multiple income-producing units, and an irreplaceable coastal location. For an owner-user seeking the benefits of both a private residence and an investment property, this is a truly distinctive opportunity.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$465 USD /SF

# OF UNITS

5

PRICE/UNIT

$499,000

CAP RATE

5.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,069 SF

ZONING

C4

APN/PARCEL ID

4116-009-053

ASK ABOUT THIS PROPERTY

Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

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Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.