249 Waterview Street, Playa Del Rey, California 90293, Playa Del Rey, 90293 - 2 bed, 2 bath
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Playa Del Rey, California 90293
This Rare Hilltop Value-Add Retreat is listed at $1,999,000, representing a market-accurate entry for its unobstructed ocean views and proximity to the $1,906,300 Fair Market Value. Currently holding a Fair Condition Rating, the 1956 structure—featuring a deck and patio—serves as a blank canvas for a high-end remodel to capture immediate upside. The oversized 7,158 sq. ft. lot and access to Top-Rated Schools like El Segundo High (10/10) ensure long-term desirability. This is a premier acquisition for Value-Add Investors or Owner-Occupants looking to build a custom coastal legacy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 249 Waterview Street Subject | $1,999,000* List Price | 2 | 2 | 2,040 | $934 | - |
A 418 Talbert Street Sold | $2,055,000 | 4 | 3 | 2,442 | $842 | 0.2 mi |
B 408 Talbert Street Active Under Contract | $1,499,000 List Price | 2 | 2 | 1,486 | $1,009 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, this property is described as a 'reimagine and remodel' opportunity with a dated interior. While the listing suggests it is functional enough to move in 'as-is,' the age of the home and the lack of recent major renovations indicate that the kitchen, bathrooms, and major systems are likely outdated and nearing the end of their expected lifespan, fitting the criteria for a fair condition score.
Elementary School: Richmond Street Elementary School (9/10). High School: El Segundo High School (10/10).
Perched on a rare hilltop, the property offers breathtaking and irreplaceable panoramic views of the Pacific coastline and sunsets, significantly enhancing its long-term value.
The home provides an ideal beach lifestyle with convenient walking access to the shore, local restaurants, and neighborhood cafés, a rare combination of elevation and accessibility.
Built in 1956 and marketed as a 'reimagine' opportunity, the home likely requires a significant capital investment to modernize its finishes and systems to meet current luxury standards.
The current two-bedroom configuration may limit the property's appeal to larger families or buyers expecting more private living quarters at a nearly $2 million price point.
Perched high above the coastline in iconic Playa Del Rey, this rare hilltop retreat at 249 Waterview offers breathtaking, unobstructed ocean views in one of Los Angeles’ most coveted beachside communities. With 2,040 square feet of living space on a generous 7,158 sq. ft. lot, this 2 bedroom, 2 bath home captures the essence of coastal California living. Natural light fills the spacious interior, while expansive sightlines showcase stunning sunsets and sweeping water views. A versatile bonus room offers the flexibility to easily convert into a third bedroom, home office, or creative space - adding both functionality and value. Enjoy the best of both elevation and accessibility - just a short walk to the beach, local restaurants, and neighborhood cafés, offering the ultimate coastal lifestyle right outside your door. Move in and enjoy as-is, or reimagine and remodel to unlock immediate upside in a premier location where views like this are truly irreplaceable. Whether you’re seeking a serene primary residence, a coastal escape, or an investment opportunity with equity potential, 249 Waterview delivers location, views, walkability, and endless possibilities.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.4 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 6% |
| Baths | 2.0 | 3.0 | 11% |
| Square foot | 2,040 | 2,557 | 11% |
| Lot Size | 7,158 | 5,022 | 89% |
| Price | $2.00M | $2.03M | 39% |
| Price per sq ft | $980 | $895 | 78% |
| Built year | 1956 | 1967 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 101 | 11% |
Mar 6, 2026
$1,999,000
Initial Listing