For SaleRisky Deal31 days on market
8515 Falmouth Ave APT 209
8515 Falmouth Ave APT 209, Playa Del Rey, CA 90293, Playa Del Rey, CA 90293
$775,000
Estimate®:$764,100
Listing Price
8515 Falmouth Ave APT 209, Playa Del Rey, CA 90293
Loc: Playa Del Rey, CA
Days Listed
31
Tax Assessed
$453k
Estimate®
$764k
Market Rate
Lot Size
1.44 acres
Rent Estimate
$3,658/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
0.5 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
condominium complexstucco exteriormulti-family residentialtile roofingcoastalswimming poolplanned communityapartment complexlandscaped groundsurban densityMediterranean influencesuburbanmultiple buildings
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.32%
Total ROI
31.1%
Cash Flow
$-1,876/mo
DSCR
0.53
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,876/mo net cash flow with a 3.3% 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 |
|---|---|---|---|
| 2026-08-24 | Listed for sale | $775,000 | $680 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $452,650 |
| 2025 | $5,341.66 | $443,775 |
| 2024 | $5,272.81 | $435,074 |
| 2023 | $5,172.94 | $426,544 |
| 2022 | $4,932.81 | $418,181 |
| 2021 | $4,864.67 | $409,982 |
| 2020 | $4,912.75 | $405,779 |
| 2019 | $4,912.75 | $397,824 |
| 2018 | $4,696.24 | $390,024 |
| 2017 | $4,696.24 | $382,377 |
| 2016 | $4,593.68 | $374,881 |
| 2015 | $4,482.71 | $369,251 |
| 2014 | $4,435.43 | $362,019 |
| 2012 | $0 | $353,319 |
| 2011 | $0 | $346,392 |
| 2010 | $0 | $343,804 |
| 2009 | $0 | $344,622 |
| 2008 | $0 | $337,866 |
| 2007 | $0 | $331,242 |
| 2006 | $0 | $324,748 |
| 2005 | $0 | $324,748 |
| 2004 | $0 | $312,139 |
| 2003 | $0 | $306,419 |
| 2002 | $0 | $300,412 |
| 2000 | $0 | $212,300 |
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