8228 Rees Street, Playa Del Rey, California 90293, Playa Del Rey, 90293 - 4 bed, 4 bath
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Playa Del Rey, California 90293
This Mid-Century Modern Value-Add Residence is a Strong Value Opportunity, listed at $1,899,000—positioned well below the $2,044,188 Fair Market Value by 7%. This valuation gap provides $145,188 in Instant Equity. Featuring a renovated pool courtyard and City Lights views, the home holds a Condition Rating of 4, requiring interior updates to maximize its nearly 3,000 sqft potential. Located near top-rated schools like Richmond Street Elementary (9/10) and El Segundo High (10/10), it is an ideal match for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8228 Rees Street Subject | $1,899,000* List Price | 4 | 4 | 2,951 | $689 | - |
A 7836 W 81st Sold | $2,175,000 | 4 | 3 | 2,926 | $743 | 0.5 mi |
B 8352 Zitola Terrace Sold | $1,707,500 | 4 | 4 | 3,048 | $560 | 0.2 mi |
C 8239 Sunnysea Drive Sold | $1,560,000 | 3 | 3 | 2,921 | $534 | 0.2 mi |
D 7924 W 80th Street Sold | $1,725,000 | 3 | 3 | 2,600 | $663 | 0.4 mi |
E 8101 Sinaloa Road Sold | $1,925,000 | 3 | 3 | 2,603 | $740 | 0.1 mi |
F 7538 W 81st Street Sold | $2,000,000 | 3 | 3 | 2,597 | $770 | 0.7 mi |
G 7711 W 82nd Street Active | $1,650,000 List Price | 3 | 3 | 2,286 | $722 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the 1962 home features a recently renovated exterior, pool, and new interior cosmetic finishes like flooring and paint, the kitchen and bathrooms remain significantly dated (30+ years old). The original cabinetry and tile surfaces are functional but require a full modernization to meet current market standards.
Elementary School: Richmond Street Elementary School (9/10). High School: El Segundo High School (10/10).
This rare 1962 architectural gem features a unique two-story layout centered around a private pool courtyard, offering a highly sought-after aesthetic and exceptional indoor-outdoor flow.
With nearly 3,000 square feet of living area, this property provides significant scale and volume that is uncommon for the Playa Del Rey market, offering substantial value and potential for the price point.
Marketed as a 'canvas for new owners' after 50 years of single-family ownership, the interior likely requires a full-scale remodel to update systems and finishes to modern luxury standards.
While the property is near some high-performing elementary schools, the assigned middle school has a low rating, which may be a concern for families prioritizing long-term educational consistency.
BACK ON MARKET AS OF 5/28 *** Playa del Rey Opportunity *** This Mid-Century Modern Gem is on market for first time in over 50 years! Amazing square footage (almost 3000 sq.ft.) available in this rambling two-story home built around a pool courtyard. The pool and home exterior have undergone recent renovation creating a canvas for new owners to write their own story. "Old School" 8-foot deep pool has been entirely resurfaced with updates to code including lighting and second drain. State-of-the-Art pool cover emphasizes safety and reduces evaporation. Updated copper plumbing and new tankless water heater serving master bath. 50-year roof installed in 2015 still under warranty. Entire exterior of property has new drainage and concrete resurfacing, including pool area, west and north sides of home, and balcony deck out front. Don't miss this unique property - it's literally a once in a lifetime opportunity. The possibilities here are endless. All Offers presented immediately.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.2 mi
Grades K-6 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 56% |
| Square foot | 2,951 | 2,600 | 64% |
| Lot Size | 6,092 | 5,299 | 68% |
| Price | $1.90M | $2.00M | 28% |
| Price per sq ft | $644 | $803 | 16% |
| Built year | 1962 | 1964 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 128 | 8% |
Apr 24, 2026
$1,899,000
Initial Listing