For SaleRisky Deal48 days on market
8675 Falmouth Ave APT 315
8675 Falmouth Ave APT 315, Playa Del Rey, CA 90293, Playa Del Rey, CA 90293
$699,000
Estimate®:$687,100
Listing Price
8675 Falmouth Ave APT 315, Playa Del Rey, CA 90293
Loc: Playa Del Rey, CA
Days Listed
48
Tax Assessed
$736k
Estimate®
$687k
Market Rate
Lot Size
3.73 acres
Rent Estimate
$3,597/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
modernstucco wallshardwood flooringopen floor planvaulted ceilingssliding glass doorsbalconywrought iron staircasenatural lightminimalistentrywayhigh ceilingspacious
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.36%
Total ROI
32.0%
Cash Flow
$-1,667/mo
DSCR
0.54
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,667/mo net cash flow with a 3.4% 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 |
|---|---|---|---|
| 2026-09-22 | Price change | $699,000 | $699 |
| 2026-08-19 | Price change | $739,000 | $739 |
| 2026-08-07 | Listed for sale | $750,000 | $750 |
| 2026-08-04 | Listing removed | $750,000 | $750 |
| 2026-07-06 | Listed for sale | $750,000 | $750 |
| 2026-02-04 | Listing removed | $3,395 | $3 |
| 2025-12-12 | Listed for rent | $3,395 | $3 |
| 2024-01-15 | Listing removed | $0 | – |
| 2023-12-28 | Price change | $3,295 | $3 |
| 2023-12-15 | Listed for rent | $3,395 | $3 |
| 2023-12-15 | Listing removed | $0 | – |
| 2023-11-22 | Listed for rent | $3,395 | $3 |
| 2022-01-10 | Sold | $680,000 | $680 |
| 2021-12-09 | Contingent | $649,000 | $649 |
| 2021-11-19 | Listed for sale | $649,000 | $649 |
| 2020-09-30 | Sold | $500,000 | $500 |
| 2017-08-14 | Sold | $532,000 | $532 |
| 2017-07-14 | Pending sale | $549,000 | $549 |
| 2017-07-05 | Price change | $549,000 | $549 |
| 2017-06-17 | Listed for sale | $579,000 | $579 |
| 2014-09-17 | Sold | $405,000 | $405 |
| 2014-08-29 | Pending sale | $420,000 | $420 |
| 2014-08-13 | Listed for sale | $420,000 | $420 |
| 2002-07-09 | Sold | $237,000 | $237 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $736,051 |
| 2025 | $8,607.55 | $721,620 |
| 2024 | $8,512.92 | $707,471 |
| 2023 | $8,348.19 | $693,600 |
| 2022 | $8,055.01 | $510,000 |
| 2021 | $5,980.26 | $500,000 |
| 2020 | $6,742.78 | $553,283 |
| 2019 | $6,742.78 | $542,436 |
| 2018 | $6,455.67 | $531,800 |
| 2017 | $6,455.67 | $419,397 |
| 2016 | $5,098.85 | $411,175 |
| 2015 | $4,984.29 | $405,000 |
| 2014 | $3,421.6 | $280,001 |
| 2012 | $0 | $273,272 |
| 2011 | $0 | $267,915 |
| 2010 | $0 | $265,913 |
| 2009 | $0 | $266,546 |
| 2008 | $0 | $261,320 |
| 2007 | $0 | $256,197 |
| 2006 | $0 | $251,175 |
| 2005 | $0 | $251,175 |
| 2004 | $0 | $241,424 |
| 2003 | $0 | $237,000 |
| 2002 | $0 | $178,734 |
| 2000 | $0 | $171,796 |
Similar Properties Nearby
Explore other investment opportunities in Playa Del Rey.