8515 Falmouth Avenue 208, Playa Del Rey, California 90293, Playa Del Rey, 90293 - 2 bed, 2 bath
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Playa Del Rey, California 90293
This Coastal Value-Add Condominium is listed at $749,000, representing a strategic entry into the high-demand Playa Del Rey market. While the Fair Market Value is $626,287, the property offers significant upside through its Dual Primary Suite Layout and Expansive Sun-Filled Patio. Currently at a Condition Rating of 5, the home remains in mostly original 1984 condition, providing a blank canvas for modernization near Silicon Beach tech hubs. Featuring a Courtyard View and community pool access, this is a prime acquisition for Value-Add Investors or Owner-Occupants looking to build equity through custom renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8515 Falmouth Avenue 208 Subject | $749,000* List Price | 2 | 2 | 1,140 | $549 | - |
A 8125 Redlands Sold | $628,000 | 2 | 3 | 1,246 | $504 | 0.1 mi |
B 8640 Gulana Avenue K3017 Sold | $615,000 | 2 | 2 | 1,040 | $591 | 0.3 mi |
C 8515 Falmouth Avenue 303 Sold | $545,000 | 1 | 2 | 855 | $637 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1984 (40 years old) and appears to be in mostly original condition. While the listing notes it is impeccably kept, the kitchen features dated wood cabinetry, older white appliances, and a fluorescent light box, and the carpet shows significant age. Per the criteria, a property over 30 years old with an original, old-fashioned kitchen requires a full rehab to meet modern standards.
Situated just six blocks from the beach and bike path, this property offers an enviable lifestyle with easy access to the ocean, coastal recreation, and major tech hubs like Playa Vista.
The highly functional floor plan features two primary suites, providing maximum privacy and flexibility for roommates, guests, or a dedicated home office space.
The large, sun-filled patio with western courtyard exposure captures afternoon light and coastal breezes, significantly extending the living space for an indoor-outdoor lifestyle.
While impeccably maintained, the home is in largely original condition, requiring additional capital investment for cosmetic updates and modern renovations to reach its full potential.
The monthly association fee of $678 is relatively high for a two-bedroom unit, which may impact the overall affordability and debt-to-income ratio for some buyers.
Tucked within the desirable Villas del Rey community, this single-story condominium offers a highly sought-after dual primary suite floor plan ideal for flexibility, privacy, and comfortable everyday living. The spacious layout opens beautifully to an expansive, sun-filled patio with wide western courtyard exposure, where you'll enjoy warm afternoon light, coastal breezes, and that easy indoor-outdoor lifestyle that defines living near the beach.Lovingly maintained by the family of a long-time owner, the home reflects years of care and pride of ownership. While impeccably kept, it also presents a wonderful opportunity for the next buyer to bring their own vision and personal style creating something truly special in a location that continues to be in demand.Located in the heart of Playa del Rey, you're just six blocks from the beach, the bike path, and some of the most beautiful sunsets on the coast. Convenience is part of the appeal as well, with close proximity to LAX, major freeways, and the thriving tech hubs of Playa Vista and El Segundo.If you've been waiting for a property that offers both lifestyle and upside this may be the one that speaks to you.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,140 | 1,140 | 50% |
| Lot Size | 62,909 | 96,549 | 37% |
| Price | $749.0K | $700.0K | 60% |
| Price per sq ft | $657 | $622 | 66% |
| Built year | 1984 | 1978 | 80% |
| HOA | $678.0 | $673 | 51% |
| Days on market | 47 | 158 | 3% |
Apr 30, 2026
$749,000
Initial Listing