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32780579
32780599

8222 Pershing Drive, Playa Del Rey, CA 90293

NA
CA 02046840
Matthews
Listed by Matthews
$1,990,000
18 days on market
Updated 2 days ago

8222 Pershing Drive

Details
APN 4115-005-019
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,296
Units 2
Cap Rate 4.91%
NOI $97,747
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.39%
Pro-Forma NOI $107,347
Price per SqFt $867
Class A
Year Built 1961
Year Renovated 2026
Buildings 1
Lot Size (SqFt) 5,000
Zoning LAR2
Investment Type Stabilized

Coastal Opportunity | Fully Renovated Duplex in Playa del Rey, California | 4.91% Cap Rate

Marketing description

8222 Pershing Drive presents a rare opportunity to acquire a fully renovated, turn-key coastal duplex in the heart of Playa del Rey, one of Los Angeles' most sought-after beachside communities. Located in a residential corridor just a short walk to the beach, the property combines strong in-place income, high-quality unit renovations, and durable long-term demand drivers that are increasingly difficult to find at this price point on the Westside.

The asset consists of two fully upgraded units totaling ±2,296 square feet on a 5,000 square foot LAR2-zoned lot. The property features a spacious 3 bedroom / 2 bathroom residence and a well-appointed 2 bedroom / 2 bathroom residence. Both units have undergone extensive renovations with modern finishes and quality upgrades throughout, providing a true turn-key investment with no anticipated near-term capital improvements required. The property features a private backyard with an above-ground jacuzzi and dedicated outdoor entertaining space, an amenity that consistently commands strong tenant demand in coastal rental markets. Additional upside is supported by Playa del Rey's strong short- and mid-term rental premiums driven by its coastal location.

Playa del Rey benefits from a deep and diverse tenant and buyer pool, supported by proximity to LAX, the 90 and 105 freeway corridors, Silicon Beach employment hubs, and the beach itself. The submarket continues to attract both long-term renters and owner-users drawn to its coastal, small-town feel within minutes of major Westside demand drivers.

Investment highlights

  • Fully Renovated - Two units delivered in true turn-key condition with modern kitchens, baths, flooring and fixtures.
  • Walkable Beach Location - Steps from the sand and the coastal bike path, in one of LA's most supply-constrained beach submarkets.
  • Westside Renter Demand - Diversified pull from Silicon Beach, Playa Vista, Marina del Rey, LMU, and the LAX employment base.
  • Outdoor Lifestyle Amenity - Private backyard with above-ground jacuzzi supports premium coastal positioning and tenant retention.
  • Stabilized In-Place Income - $10,450 in current monthly rent with proforma upside to a $11,250 market rate.
  • Portfolio Optionality - Adjacent duplex availability creates a rare four-unit assemblage opportunity within Playa del Rey.

Listing Contacts

NA
CA 02046840
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,747.00
$8,145.58/mo

Valuation Metrics

0
DSCR
4.91%
Cap Rate
4.91%
ROI

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Additional Information

Name
David Harrington
License
01320460, 02168060 (CA)
Title
Broker of Record
Name
Nabil Awada
License
02046840
Brokerage Phone
3108449362
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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