8222 Pershing Dr - Multi-Family FOR SALE


Playa Del Rey, CA 90293
$1,990,000 USD
310-844-9362
8222 Pershing Dr, Playa Del Rey, CA for Sale
$1,990,000 USD
Multi-Family - FOR SALE
1/17
null | 4.91% Cap Rate

8222 Pershing Dr
Playa Del Rey, CA 90293


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.

OVERVIEW

The Opportunity 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. They feature 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. Notably, the adjacent duplex at 8218–8220 Pershing Drive is also available for sale under the same ownership, presenting a compelling portfolio acquisition opportunity for investors seeking to achieve scale in a supply-constrained coastal submarket.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$867 USD /SF

# OF UNITS

2

PRICE/UNIT

$995,000

CAP RATE

4.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

LAR2

APN/PARCEL ID

4115-005-019

ASK ABOUT THIS PROPERTY

Nabil AwadaMatthews Real Estate Investment ServicesMore Info
310-844-9362

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Nabil AwadaMatthews Real Estate Investment ServicesMore Info
310-844-9362

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