8222 Pershing Drive
Playa del Rey, CA, 90293 $ 1,949,000
Bedrooms5 Baths2.0 Sq 2,296 Monthly Estimate*
$ 12,306
Listed by Nabil Awada, Matthews Real Estate Investment Services, nabil.awada@matthews.com
for $1,949,000 with 5 bedrooms and 2 full baths. This 2,296 square foot home was built in 1961 on a lot size of 0.1148.
8222 Pershing Drive offers the opportunity to acquire a fully renovated, turn-key duplex in Playa del Rey, one of the Westside's most sought-after coastal communities. Located a short walk from the beach, the property combines stable in-place income with quality finishes and strong long-term demand drivers.The property consists of two units totaling 2,296 square feet on a 5,000 square foot LAR2-zoned lot: a spacious 3 bed / 2 bath and a well-appointed 2 bed / 2 bath. Both units feature modern finishes and quality upgrades throughout, with no anticipated near-term capital needs.The 2 bed unit is leased through March 31, 2027 and the 3 bed unit through May 31, 2027, providing secure income today and near-term flexibility for a new owner. Investors can re-lease at market as the leases roll, while owner-users have a clear path to occupy one unit and offset their ownership costs with income from the other. Outdoor space is a standout feature, with a private backyard, spa, and dedicated entertaining area, an amenity that consistently drives tenant demand and premium rents in coastal markets. Combined with Playa del Rey's limited supply and enduring appeal as a beach community, the property is well positioned for long-term value. Playa del Rey benefits from a deep and diverse tenant and buyer pool, supported by its proximity to the beach, LAX, and the 90, 405, and 105 freeway corridors. Major employment and education hubs, including Playa Vista's Silicon Beach tech campuses, Marina del Rey, and Loyola Marymount University, are all within minutes. This community continues to attract both long-term renters and owner-users drawn to its coastal, small-town feel with convenient access to the Westside's primary demand drivers. MOTIVATED SELLER.
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FeaturesGeneralLiving Area 2296
Heating Central
Possession Close Of Escrow
Appliances Dishwasher Disposal Dryer Washer
Zoning LAR2
Year Built 1961
Tenant Pays Cable TV Electricity Gas Insurance Other Trash Collection
Levels Multi/Split
Gross Income 125400
County Los Angeles
Net Operating Income 98430
New Construction false
Property Type Residential Income
HOA false
Attached Garage true
Garage Y/N true
Other Structures Gazebo
Full Baths 0
Special Listing Conditions Standard
Status Active
Buyer Financing Conventional
Directions Pershing Drive off Manchester Blvd
City Playa Del Rey
Senior Community Y/N false
Number Of Units Total 2
MLS Area C31 - Playa Del Rey
Lot Size Units Square Feet
Lot Size Square Feet 5000
Number of Units Leased 2
Spa Features Above Ground
Property Condition Updated/Remodeled
Standard Status Active
Occupancy Type Tenant
Cap Rate 5.05
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InteriorTotal Stories 1
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 5
Total Baths 4
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ExteriorParking Features Driveway Garage Garage Door Opener
Total Parking 2
Lot Size Area 5000
Number of Buildings 1
Spa true
Building Area Total 2296
Lot Size Acres 0.1148
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded FeaturesList ByMatthews Real Estate Investment ServicesBroker
nabil.awada@matthews.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $12,306
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Playa del Rey, CA
Average List Price $2,694,421
Percent of Sale Price 38%
About Playa del Rey, CA 12,250 Population
18% Since 2002
$ 90,396 Median Income
42.68 Median Age
12% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/23/2026 | $1,949,000 | | Listed Price |