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.
Multi-familyProperty Type
1961Year Built
5,000 sq ftLot Size
$849Price/Sq.Ft.
2 spacesParking
Listed by Nabil Awada•DRE #02046840• Matthews Real Estate Investment Services
Westchester Enriched Sciences Magnet Health/Sports Medicine
Public 9-12 • Assigned • 0.9mi
5/10
Provided by GreatSchools
About Playa del
Rey
Playa del Rey, located between Marina del Rey and El Segundo, is a coastal and residential Los Angeles neighborhood with a wide sandy beach and a laid-back harbor edge. The neighborhood’s character concentrates around Culver Boulevard near Vista del Mar, where surf shops, low-key cafes, and patio dining meet the salt-air stroll. Playa Provisions, Tanner’s Coffee, and The Shack anchor the local scene with a distinctly beach-town cadence. Streets mix mid-century apartments, compact bungalows, and newer condos, often oriented to ocean breezes. Blufftop paths and the Ballona Wetlands frame daily walks with birdlife and open sky. The shoreline and bike routes link naturally to outdoor routines and after-work sunsets.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Updated/remodeled condition
As-is disclosures
Bedrooms
One unit with 3 bedrooms
One unit with 2 bedrooms
Bathrooms
One unit with 2 bathrooms
One unit with 2 bathrooms
Kitchen
Dishwasher in each unit
Garbage disposal
Laundry & utility
Washer and dryer included
Heating & cooling
Central heating
Other cooling
Exterior features
Gazebo
Above-ground spa
Home design
Residential income property (duplex)
Multi-level layout
Single-story total floors (listed as 1)
Parking
Attached garage with door opener
Driveway parking
Total of 2 parking spaces
Utilities
Owner pays water
Tenants pay cable TV, electric, gas, insurance, trash, and other utilities
Two electric meters
Two gas meters
One water meter
Water heaters present
HOA & community
Two units in the complex
Financial info
Gross income: $125,400
Gross operating income: $125,400
Net operating income: $98,430
Total annual expenses: $26,970
Cap rate: 5.05%
Gross rent multiplier: 15.54
Actual rent reported for Unit 1: $6,450
Projected rent for Unit 1: $6,750
Actual rent reported for Unit 2: $4,000
Projected rent for Unit 2: $4,500
Both units leased
Other
Property type: Residential income (duplex)
Zoning: LAR2
Directions: Pershing Drive off Manchester Blvd
Electricity and solar
View estimated energy costs and solar savings for this home
The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...
Estimated 74-82% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
6 days above 82° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
6 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Playa del Rey, CA • 90293
Average low and high temperatures (°F)
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67
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Feb
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Sun exposure
71/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in Playa del Rey. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.1 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8222 Pershing Dr
$1,903,428
$46K under list price of $1.95M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.9M to $2.1M.