8515 Falmouth Avenue 206, Playa Del Rey, California 90293, Playa Del Rey, 90293 - 3 bed, 2 bath
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Playa Del Rey, California 90293
This Renovated Coastal Condominium presents a Prime Investment Opportunity with a List Price of $850,000—positioned well below the $878,834 Fair Market Value by 3%. This valuation gap offers $28,834 in Instant Equity for buyers. Boasting an Excellent Condition Rating, the interior features a remodeled gourmet kitchen and engineered hardwood floors. With a rare private courtyard patio and city light views just six blocks from the beach, this turnkey home combines financial upside with a premium lifestyle. It is ideal for Owner-Occupants or Silicon Beach professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8515 Falmouth Avenue 206 Subject | $850,000* List Price | 3 | 2 | 1,367 | $643 | - |
A 7740 Redlands M1081 Sold | $704,999 | 3 | 2 | 1,189 | $593 | 0.3 mi |
B 8711 Falmouth Avenue 104 Sold | $810,000 | 2 | 3 | 1,338 | $605 | 0.3 mi |
C 8160 Manitoba Street 208 Sold | $700,000 | 2 | 2 | 1,197 | $585 | 0.3 mi |
D 8675 Falmouth Avenue 321 Sold | $865,000 | 3 | 2 | 1,153 | $750 | 0.2 mi |
E 8600 Tuscany Avenue 301 Sold | $854,000 | 2 | 2 | 1,168 | $731 | 0.1 mi |
F 8180 Manitoba Street 360 Sold | $904,800 | 2 | 2 | 1,543 | $586 | 0.3 mi |
G 8601 Falmouth Avenue 224 Active | $998,000 List Price | 3 | 2 | 1,367 | $730 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although the property was built in 1984, it has undergone an extensive and high-quality renovation within the last 5 years. The interior features a fully updated gourmet kitchen with custom cabinetry, stone countertops, and stainless steel appliances. Both bathrooms have been completely remodeled with contemporary finishes. With new engineered hardwood flooring, modern light fixtures, and no visible deferred maintenance, the property is in like-new condition.
This corner unit features a flexible two-bedroom plus den floor plan—often utilized as a third bedroom—complemented by high-end updates including engineered hardwood floors and a gourmet kitchen with custom cabinetry.
Situated just six blocks from the beach, the property offers an enviable lifestyle near downtown Playa Del Rey’s dining and shopping, with convenient access to LAX and major freeways.
The residence boasts a rare combination of a north-facing balcony plus a dual north- and south-facing patio, providing significantly more private outdoor space than typical condominiums in the area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The association fee of $678 per month represents a significant recurring carrying cost that may impact the overall affordability for budget-conscious buyers.
Due to its close proximity to LAX, the property may be subject to intermittent aircraft noise, which could be a drawback for residents seeking a perfectly quiet environment.
Looking for a home that works as hard as you do? This popular corner two-bedroom plus den floor plan (often used as a 3Br) in the Villas del Rey checks all the boxes. A sought-after north-facing location offers great natural light along with a private courtyard patio perfect for morning coffee or evening downtime. Inside, the flexible den creates an ideal work-from-home setup, guest space, or creative studio. The home features beautiful engineered hardwood floors throughout, contemporary lighting, and a stylishly updated gourmet kitchen with stainless steel appliances, custom cabinetry, and stone countertops. Both bathrooms have been tastefully remodeled with clean, contemporary finishes that feel fresh and timeless. Enjoy indoor-outdoor living with a north-facing balcony plus a rare north- and south-facing patio, giving you multiple spaces to relax or entertain. The Villas del Rey is a full-amenity community offering a clubhouse, pool, spa, and tennis courts. You're just six blocks to the beach, close to downtown Playa del Rey's shops and restaurants, and conveniently located near freeways and LAX. Two deeded parking spaces and a well-run homeowners association add peace of mind. Smart, stylish, and exceptionally located this is easy living without compromise.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 87% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,367 | 1,050 | 84% |
| Lot Size | 62,909 | 87,430 | 34% |
| Price | $850.0K | $685.0K | 74% |
| Price per sq ft | $622 | $605 | 53% |
| Built year | 1984 | 1977 | 84% |
| HOA | $678.0 | $635 | 63% |
| Days on market | 48 | 187 | 5% |
Mar 5, 2026
$850,000
Initial Listing