8675 Falmouth Ave APT 306, Playa Del Rey, CA, 90293 | 6.96% Rental Yield

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8675 Falmouth Ave APT 306, Playa Del Rey, CA, 90293 | 6.96% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Playa Del Rey at 8675 Falmouth Ave APT 306, Playa Del Rey, CA, 90293 offers a 6.96% rental yield on a $610,000 purchase with $3,539/mo rent. 66% in year one. Equity gained on principal adds $3,936/yr while 5% annual appreciation supports $168,532 over five years. Portfolio math shows five-year ROI at 96.1% and total cumulative return in cash at $192,871. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,539/mo property income against a $2,986/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1983

3.73 Acres lot

$N/A/sqft

No HOA

More details about the property

Awesome top floor one bedroom plus loft condo offers lots of natural light, vaulted ceilings, 2 skylights and a spiral staircase to second floor loft can be used as office or guest room. Updated kitchen and bath has granite counter tops, recess lighting, tile floors and all appliances are included. Central A/C and heating, fireplace, side by side washer/dryer, Smart home features include August Smart lock entry, Ecobee thermostat & Modern Forms ceiling fan in the living room. Links with Apple, Amazon & Google. The bedroom has double wardrobe closets, two dual pane sliders and a large private balcony with two storage closets. Seagate Village offers 2 pools, 3 spas, 2 tennis courts, open hallways, unit near elevator with direct access to community garage,2 assigned parking spaces & visitor parking inside a gated complex. Centrally located near the beach, LAX airport, Playa Vista, Marina del Rey, restaurants, coffee houses, South Bay destinations and freeways.

Neighborhood Data

Neighborhood data shown for ZIP Code: 90293, Playa Del Rey, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,199 (100%)
Owner Occupied HU	2,625 (42.3%)
Renter Occupied HU	3,233 (52.2%)
Vacant Housing Units	341 ( 5.5%)
Median Home Value	$1,244,831
Average Home Value	$1,374,257