8505 Gulana Avenue 4206, Los Angeles, California 90293, Los Angeles, 90293 - 1 bed, 1 bath
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Los Angeles, California 90293
This Prime Investment Opportunity is listed at a List Price of $500,000—positioned well below the $513,532 Fair Market Value by 2%. This valuation gap offers $13,532 in Instant Equity. With a Condition Rating of 4, the unit provides a functional base for cosmetic updates to drive appreciation. Located near top-rated schools like Richmond Street Elementary and El Segundo High, this property is ideal for Buy-and-Hold Investors or first-time buyers seeking a coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8505 Gulana Avenue 4206 Subject | $500,000* List Price | 1 | 1 | 744 | $690 | - |
A 8505 Gulana Sold | $550,000 | 1 | 1 | 733 | $750 | 0.0 mi |
B 8740 Tuscany Active Under Contract | $485,000 List Price | 1 | 1 | 713 | $680 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, the property is nearly 40 years old. While it features some updates like recessed lighting and a vessel sink, the overall aesthetic is dated with older tile flooring and tile countertops. It appears well-maintained and functional but lacks a comprehensive modern renovation, fitting the criteria for a property over 20 years old needing updates.
Elementary School: Richmond Street Elementary School (9/10). High School: El Segundo High School (10/10).
The property is ideally situated in Playa Del Rey with close proximity to the beach, Playa Vista, and LAX, offering a highly desirable lifestyle for commuters and coastal enthusiasts.
Located within a secure gated community, residents have access to premium facilities including two swimming pools, tennis courts, a recreation room, and lushly landscaped grounds.
The monthly HOA fee of $691.70 is significant for a one-bedroom condo, which may affect the debt-to-income ratio for potential buyers and overall monthly carrying costs.
The assigned parking is in a tandem configuration, which can be less convenient for residents with multiple vehicles compared to side-by-side parking options.
Great opportunity to own a wonderful property close to the beach. This 1 bed / 1bath unit is located in a lovely quiet and tranquil gated community with lush landscaping, two pools, tennis courts, rec room and guest parking. Unit offers a generous sized living room with recessed lighting and gas fireplace that leads out to a wonderful patio / balcony overlooking the tennis courts. Good Sized Dining Area and Breakfast Bar. Bedroom also with recessed lighting and with large walk in closet featuring built in shelving. Large In Unit Laundry Room with stackable washer, dryer hook up and closets. There is also a community laundry room on each floor. Two tandem parking spaces with storage cabinets. Short distance to Beach, Playa Vista, Manhattan Beach, LAX
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 744 | 1,243 |
| Lot Size | 96,549 | 24,016 |
| Price | $500.0K | $805.6K |
| Price per sq ft | $672 | $659 |
| Built year | 1986 | 1981 |
| HOA | $691.7 | $684 |
| Days on market | 5 | 71 |
Jul 17, 2026
$500,000
Initial Listing
Oct 13, 2010
$286,500
Public Record
May 16, 1997
$105,000
Public Record