For SaleRisky Deal65 days on market
8675 Falmouth Ave APT 221
8675 Falmouth Ave APT 221, Playa Del Rey, CA 90293, Playa Del Rey, CA 90293
$729,000
Estimate®:$720,800
Listing Price
8675 Falmouth Ave APT 221, Playa Del Rey, CA 90293
Loc: Playa Del Rey, CA
Days Listed
65
Tax Assessed
$743k
Estimate®
$721k
Market Rate
Lot Size
3.73 acres
Rent Estimate
$3,830/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
5
Paseo Del Rey Natural Science Magnet
K-5
0.2 mi away
7
Katherine Johnson STEM Academy
6-8
0.4 mi away
5
Westchester Enriched Sciences Magnet Health/Sports Medicine
9-12
0.5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
modernminimalistneutralcozyhardwood floorsfireplaceopen conceptcontemporarybalconynatural lightindoor-outdoor flowcoastalstaged
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.49%
Total ROI
34.7%
Cash Flow
$-1,663/mo
DSCR
0.56
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,663/mo net cash flow with a 3.5% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Playa Del Rey, CA
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-07-21 | Listed for sale | $729,000 | $735 |
| 2023-04-11 | Sold | $700,000 | $706 |
| 2023-03-21 | Pending sale | $687,000 | $693 |
| 2023-03-06 | Listed for sale | $687,000 | $693 |
| 2016-06-29 | Sold | $559,000 | $564 |
| 2016-05-17 | Listing removed | $2,995 | $3 |
| 2012-03-10 | Listing removed | $2,200 | $2 |
| 2012-01-16 | Price change | $2,200 | $2 |
| 2011-09-13 | Listed for rent | $2,600 | $3 |
| 2011-07-11 | Listing removed | $424,900 | $428 |
| 2011-02-19 | Price change | $424,900 | $428 |
| 2010-12-17 | Listed for sale | $429,900 | $433 |
| 2006-12-12 | Sold | $472,000 | $476 |
| 2004-02-26 | Sold | $405,000 | $408 |
| 1995-04-27 | Sold | $131,000 | $132 |
| 1994-12-09 | Sold | $95,500 | $96 |
| 1994-08-30 | Sold | $223,536 | $225 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $742,844 |
| 2025 | $8,788.12 | $728,279 |
| 2024 | $8,690.48 | $714,000 |
| 2023 | $7,673.07 | $636,040 |
| 2022 | $7,364.26 | $623,570 |
| 2021 | $7,219.82 | $611,344 |
| 2020 | $7,293.46 | $605,077 |
| 2019 | $7,293.46 | $593,213 |
| 2018 | $6,980.23 | $581,583 |
| 2017 | $6,980.23 | $570,180 |
| 2016 | $6,843.8 | $534,191 |
| 2015 | $6,376.53 | $461,000 |
| 2014 | $4,930.03 | $403,000 |
| 2012 | $0 | $326,000 |
| 2011 | $0 | $450,000 |
| 2010 | $0 | $450,000 |
| 2009 | $0 | $491,068 |
| 2008 | $0 | $481,440 |
| 2007 | $0 | $472,000 |
| 2006 | $0 | $421,362 |
| 2005 | $0 | $421,362 |
| 2004 | $0 | $154,753 |
| 2003 | $0 | $151,918 |
| 2002 | $0 | $148,941 |
| 2000 | $0 | $143,160 |
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