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8404 Pershing Dr
Playa Del Rey, CA 90293
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Rare Coastal Development just a 1/4 mile from Playa Del Rey Beach where development sites are scarce due to long term generational ownership
- High Barrier to Entry market characterized by limited land availability, strict coastal development controls and tern ownership patterns
- The site benefits from C2 zoning offering strong density potential and a wide range of development options, including multifamily and Mixed Use
- Playa Del Rey is an affluent, beachside community, with a median household income exceeding $130,000 with strong local demand
- Property offers an attractive adaptive reuse development opportunity, with existing commercial and residential improvements
EXECUTIVE SUMMARY
8404 Pershing Drive represents a rare opportunity to acquire a prime development site in the highly sought-after coastal community of Playa Del Rey, California. Known for its limited land supply, high barriers to entry, and desirable beach adjacent lifestyle, Playa Del Rey continues to attract strong demand from both residents and investors. Its small size, proximity to the ocean, and affluent demographics contribute to exceptional long-term stability and value appreciation. The property sits along Pershing Drive, one of the few commercially zoned thoroughfares in all of Playa Del Rey, offering outstanding visibility and a favorable development environment. The site is ideally positioned just ¼ mile from Playa Del Rey Beach, providing a highly attractive coastal amenity for future residents or commercial users. The 5,000 SF rectangular lot currently includes an operating restaurant—owned and operated by the Seller—and two existing residential units, providing interim income potential while redevelopment plans are prepared. Zoned LAC2-1VL, the property supports a range of commercial or mixed-use residential development opportunities, subject to City of Los Angeles planning guidelines. Its flexible zoning, combined with its rare commercial frontage and beach adjacent location, makes it well-suited for a high-quality multifamily, mixed-use, or boutique development project.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,460 SF
Building Class
C
Year Built
1947
Price
$3,100,000
Price Per SF
$2,123.29
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.11 AC
Zoning
LAC2-1VL
Frontage
50’ on Pershing Dr.
PROPERTY TAXES
| Parcel Number | 4115-001-037 | Improvements Assessment | $120,745 |
| Land Assessment | $165,432 | Total Assessment | $286,177 |
PROPERTY TAXES
Parcel Number
4115-001-037
Land Assessment
$165,432
Improvements Assessment
$120,745
Total Assessment
$286,177
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