8163 Redlands Street 56, Playa Del Rey, California 90293, Playa Del Rey, 90293 - 1 bed, 1 bath
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8163 Redlands Street 56
Playa Del Rey, California 90293
ACTIVE
CONDITION: GOOD
1Beds
1Baths
664Sq Ft
33,299Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$414,308
SUMMARY
This Strong Value Opportunity is a 1BR/1BA Condominium listed at $425,000, positioned well below the $414,308 Fair Market Value by -2%. Featuring a Condition Rating of 3, the unit offers a Granite Kitchen and Private Balcony with tree-top views. While the footprint is compact, the top-floor privacy and proximity to Silicon Beach provide significant long-term appeal. This property balances immediate lifestyle benefits with a stable price point, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a coastal entry point.
Estimated Market Value
$414,308
Based on Realkey algorithm analyzing recent comparable sales in Playa Del Rey.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8163 Redlands Street 56 Subject | $425,000* List Price | 1 | 1 | 664 | $624 | - |
A 7765 W W 91st A2122 Sold | $395,000 | 1 | 1 | 612 | $645 | 0.8 mi |
B 8635 Falmouth Avenue 110 Sold | $450,000 | 1 | 1 | 761 | $591 | 0.1 mi |
C 8740 Tuscany Avenue 109 Sold | $423,000 | 1 | 1 | 800 | $529 | 0.1 mi |
D 8505 Gulana Sold | $550,000 | 1 | 1 | 733 | $750 | 0.2 mi |
E 7740 Redlands Street M3075 Sold | $405,000 | 1 | 1 | 722 | $561 | 0.4 mi |
F 8163 Redlands Street 73 Sold | $445,000 | 1 | 1 | 636 | $700 | - |
G 8001 Redlands Street 207 Sold | $490,000 | 1 | 1 | 845 | $580 | 0.2 mi |
H 8740 Tuscany Active | $549,900 List Price | 1 | 1 | 782 | $703 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1973, the unit has undergone significant interior updates including granite countertops, white cabinetry, and updated flooring. The kitchen and living areas appear well-maintained and move-in ready, consistent with a 5-15 year old renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the highly sought-after Playa Del Rey area, this property offers exceptional proximity to the beach, LAX, LMU, and Silicon Beach, making it an ideal location for professionals and coastal lifestyle enthusiasts.
- Top-Floor Privacy and Views
As a top-floor unit with only one shared wall, the condo provides superior privacy, abundant natural light, and serene tree-top views that enhance the overall living experience.
- Strong Investment Value
Listed at $425,000, the property is priced significantly below its 2022 sale price of $519,000, offering a rare equity opportunity in a premium Southern California market.
CONSRISKS & DEFICIENCIES
- Compact Living Space
At 664 square feet, the unit's smaller footprint may be a limiting factor for buyers requiring more storage or a dedicated home office space.
- Dated Aesthetic Elements
The 1973 construction and the presence of white appliances suggest that the unit may require cosmetic updates to meet the modern luxury standards expected in the Playa Del Rey area.
About 8163 Redlands Street 56
Top-Floor Condo with Views in Playa Del Rey. Centrally located just minutes from the beach, this 1BR/1BA top-floor unit offers open living space filled with natural light. The spacious living room features tree-top views, a fireplace, and sliding glass doors that open to a private balcony. The kitchen features granite countertops, white cabinetry, white appliances, an electric range/oven, a built-in microwave, a stainless steel dishwasher, a refrigerator, and an undermount double sink, all set within an adjacent dining area. The bedroom offers ample space, soft natural light, and a mirrored closet. The full bathroom features a separate shower and tub combination, as well as vanity storage. Additional highlights include only one shared wall, dedicated parking, extra storage, and convenient access to shopping, dining, LAX, LMU, entertainment, schools, freeways, and medical facilities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1973
- Lot Size
- 33,299 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $414.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 664 | 1,209.692 |
| Lot Size | 33,299 | 106,139.923 |
| Price | $425.0K | $795.8K |
| Price per sq ft | $640 | $659 |
| Built year | 1973 | 1979 |
| HOA | $414.0 | $743 |
| Days on market | 30 | 54 |
Pricing History
Listed for Sale
Aug 10, 2026
$425,000
Initial Listing
Sold
Jun 28, 2022
$519,000
Public Record
Sold
Apr 18, 2001
$125,000
Public Record