8828 Pershing Dr APT 302, Playa Del Rey, CA, 90293 | 6.46% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

8828 Pershing Dr APT 302, Playa Del Rey, CA, 90293 | 6.46% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1772 sft

8828 Pershing Dr APT 313, Playa Del Rey, CA, 90293

Nearby investment properties with comparable prices

3 Bed
2 Bath
1772 sft

8828 Pershing Dr APT 313, Playa Del Rey, CA, 90293

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Rental property for sale in Playa Del Rey at 8828 Pershing Dr APT 302, Playa Del Rey, CA, 90293 generates $5,274/mo in rent, after a $4,792/mo payment. Total monthly income is $5,274/mo. Return on cash invested sits at 17.14% in year one, and rental yield is 6.46% on a $979,000 entry. Equity gained on principal adds $6,317/yr, while 5% annual appreciation builds toward $270,480 over five years. Five-year ROI reaches 87.98% and total cumulative return in cash sums $283,390. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,274/mo property income rather than buyer’s personal income.

Condo

Built in 1981

1.96 Acres lot

$N/A/sqft

No HOA

More details about the property

Dramatic and contemporary two-story penthouse offers 2 bedrooms, 2 bathrooms, plus a versatile loft (possible 3rd bedroom), with soaring vaulted ceilings. Floor-to-ceiling windows frame unobstructed city and mountain views, flooding the west-facing living space with natural light. The expansive living space opens directly to the private balcony, offering an indoor/outdoor flow where you can enjoy sunsets and embrace the quintessential California lifestyle. The updated kitchen features stainless steel appliances, quartz countertops, a breakfast bar, and an adjacent dining area ideal for entertaining. The primary suite boasts breathtaking views, a generous walk-in closet, an additional closet with three paneled mirrored doors, and an en-suite bathroom with a dual vanity. A second well-sized bedroom, with a bathroom across the hall and a spacious loft perfect for a home office or 3rd bedroom complete this homes layout. Additional highlights include central air and heat, in-unit laundry, recessed lighting, double pane windows, two-car parking, and a private and secured storage closet in garage. Playa Serena is a secure gated community offering a pool, fitness center, sauna, and spa. All this just four short blocks to the beach, top restaurants, and scenic biking and walking paths. Live the best of Silicon Beach right at your doorstep. **HOA includes internet, water, and trash.**

Neighborhood Data

Neighborhood data shown for ZIP Code: 90293, Playa Del Rey, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,199 (100%)
Owner Occupied HU	2,625 (42.3%)
Renter Occupied HU	3,233 (52.2%)
Vacant Housing Units	341 ( 5.5%)
Median Home Value	$1,244,831
Average Home Value	$1,374,257