8640 Gulana Avenue K1020, Playa Del Rey, California 90293, Playa Del Rey, 90293 - 3 bed, 2 bath
ACTIVE$639,000
8640 Gulana Avenue K1020, Playa Del Rey, California 90293
3Beds
2Baths
1,212Sqft
176,989Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Coastal Location: Situated in Playa Del Rey, the property is 'just moments from the beach, shops, and restaurants,' offering a highly desirable coastal lifestyle.
Top Cons:
High Monthly Association Fees: The $638.0 monthly association fee is substantial and can impact overall affordability and investment returns.
Compared to the nearby listings
Price:$639.0K vs avg $650.0K ($-11,000)44%
Size:1,212 sqft vs avg 1,005 sqft69%
Price/sqft:$527 vs avg $71113%
More Insights
Built in 1971 (54 years old).
Condition: Despite being built in 1971, the unit features a 'recently remodeled gourmet kitchen' with modern dark cabinetry, light countertops, stainless steel appliances (including built-in oven, microwave, and electric cooktop), and updated lighting. The visible living areas and bedrooms boast modern wood-look laminate flooring, indicating significant interior updates. While the condition of the bathrooms is not shown, the substantial updates to the kitchen and flooring suggest the unit is move-in ready and well-maintained, aligning with the 'Good' criteria for properties extensively renovated within the last 5-15 years.
Year Built
1971
Close
-
List price
$639K
Original List price
$699K
Price/Sqft
$527
HOA
$638
Days on market
-
Sold On
-
MLS number
25601225
Home ConditionGood
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods
About this home
Step into the coastal lifestyle you've been dreaming of with this 3-bedroom, 3-bathroom condo in Playa Del Rey. Situated within a peaceful, wooded enclave, you'll feel miles away from the city yet be just moments from the beach, shops, and restaurants. The complex offers a wealth of recreational opportunities, from two sparkling community pools to dedicated courts for tennis, pickleball, and basketball. A children's playground adds to the complex. Inside, a recently remodeled gourmet kitchen with a breakfast bar awaits. The property also presents a fantastic investment opportunity with its strong rental potential. The unit has a wonderful patio, great for entertaining. A unique resort like stetting makes this condo truly a best buy! Showings can be scheduled anytime.
Price History
Date
Event
Price
05/27/16
Sold
$555,000
03/30/07
Sold
$510,000
Condition Rating
Good
Despite being built in 1971, the unit features a 'recently remodeled gourmet kitchen' with modern dark cabinetry, light countertops, stainless steel appliances (including built-in oven, microwave, and electric cooktop), and updated lighting. The visible living areas and bedrooms boast modern wood-look laminate flooring, indicating significant interior updates. While the condition of the bathrooms is not shown, the substantial updates to the kitchen and flooring suggest the unit is move-in ready and well-maintained, aligning with the 'Good' criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons
Pros
Prime Coastal Location: Situated in Playa Del Rey, the property is 'just moments from the beach, shops, and restaurants,' offering a highly desirable coastal lifestyle.
Abundant Resort-Style Amenities: The complex boasts 'two sparkling community pools,' 'tennis, pickleball, and basketball courts,' and a 'children's playground,' creating a comprehensive resort-like living experience.
Modernized Kitchen: Features a 'recently remodeled gourmet kitchen with a breakfast bar,' providing an updated and functional central living space.
Strong Investment Potential: Explicitly noted as a 'fantastic investment opportunity with its strong rental potential,' appealing to investors.
Spacious Layout & Private Outdoor Space: A '3-bedroom, 3-bathroom condo' with '1212 sqft' and a 'wonderful patio, great for entertaining,' offering ample living and outdoor space.
Cons
High Monthly Association Fees: The $638.0 monthly association fee is substantial and can impact overall affordability and investment returns.
Building Age: Constructed in 1971, the property is over 50 years old, which may imply potential for future maintenance, repairs, or special assessments for common areas, despite interior updates.
Significant Price Reduction: A recent $60,000 price drop from the original listing price of $699,000 to $639,000 could suggest initial overpricing or a slower market response, potentially raising buyer concerns.