
Playa Del Rey, California 90293
This property presents a High-Potential Investment Opportunity with a List Price of $2,595,000—positioned above the $2,348,754 Fair Market Value. While the pricing reflects a premium, the 3,428 sqft layout and Panoramic Coastal Views offer significant upside for a buyer willing to address the Condition Rating of 5. The home features a flexible floor plan with multiple balconies and a 2-car garage, providing a blank canvas for a high-end coastal renovation. This is an ideal acquisition for Value-Add Investors or Owner-Occupants looking to customize a premier Playa Del Rey residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 243 Montreal Street Subject | $2,595,000* List Price | 3 | 3 | 3,428 | $685 | - |
A 7836 W 81st Sold | $2,175,000 | 4 | 3 | 2,926 | $743 | 0.8 mi |
B 8228 Rees Street Active | $1,899,000 List Price | 4 | 4 | 2,951 | $644 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975 (>30 years old) with no significant recent renovations. The kitchen features dated blue tile countertops and older cabinetry, while the interior shows 1970s-era mirrored walls and track lighting. The listing explicitly describes the property as an 'opportunity to reimagine and design,' indicating a need for a full rehab rather than minor updates.
Elementary School: Richmond Street Elementary School (9/10). High School: El Segundo High School (10/10).
The property features exceptional, unobstructed views of the ocean, marina, mountains, and city lights, visible through expansive walls of glass and from multiple private balconies.
Situated just a short walk from the shoreline and local dining, this home offers a quintessential Playa Del Rey lifestyle with immediate access to the sand and surf.
The listing suggests an 'opportunity to reimagine,' indicating that the 1975-built interior likely requires modern updates and capital investment to reach its full potential.
While some high-performing schools are within a few miles, the most immediate public school options have lower ratings, which may be a consideration for families.
Panoramic ocean, mountain, marina, and city VIEWS!!! This is Playa del Rey living at its most captivating. From the moment you step inside, walls of glass and soaring ceilings frame a breathtaking backdrop, filling this light-drenched and spacious 3-bedroom, 3-bath home with warmth, energy, and endless inspiration, all just a short walk to the sand. Every main living space is designed to showcase the view. From the living room, dining area, den/office/bar, and both upper and lower balconies, you'll experience sweeping vistas and the refreshing ocean breeze flowing through the home. On the 4th of July, enjoy a private, panoramic fireworks show from the comfort of your own living room. The entry level welcomes you into an expansive living room with dramatic windows, high ceilings, and a striking double-sided fireplace that connects seamlessly to a flexible den, office, or bar space. A north- and west-facing balcony extends your living area outdoors. The adjacent dining room and spacious, walk-around kitchenwith island and breakfast nookoffer an ideal layout for both everyday living and entertaining. A full bath and direct access to the 2-car garage complete this level. Downstairs, you'll find three generously sized bedrooms, including a primary suite with dual vanities and separate walk-in closets, a second north- and west-facing balcony, another full bathroom, a large bonus room, and additional storage, offering flexibility for guests, work, or recreation. Step outside and you're minutes from the beach! Start your day with a walk along the shoreline, take a swim, or unwind at one of the neighborhood's beloved restaurants, then stroll home as the sun sets. With its rare combination of location, scale, and truly spectacular views, this home offers an exceptional opportunity to reimagine and design a one-of-a-kind coastal retreat. Create something extraordinary, and make it yours.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.5 mi
Grades K-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 46% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,428 | 2,598.5 | 73% |
| Lot Size | 5,424 | 5,361.5 | 50% |
| Price | $2.60M | $2.03M | 69% |
| Price per sq ft | $757 | $822 | 38% |
| Built year | 1975 | 1965 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 139 | 8% |
May 5, 2026
$2,595,000
Initial Listing