8114 Manitoba Street 204, Playa Del Rey, California 90293, Playa Del Rey, 90293 - 1 bed, 1 bath

8114 Manitoba Street 204, Playa Del Rey, California 90293 home-pic-0
ACTIVE$664,800
8114 Manitoba Street 204, Playa Del Rey, California 90293
1Bed
1Bath
972Sqft
162,394Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location: Situated in Playa Del Rey, offering proximity to the beach, an ecological reserve, and a safe neighborhood, with convenient access to the airport.
Top Cons:
High Monthly Association Fee: A substantial HOA fee of $550.0 per month could impact affordability and long-term ownership costs.

Compared to the nearby listings

Price:$664.8K vs avg $657.0K (+$7,750)51%
Size:972 sqft vs avg 1,004 sqft40%
Price/sqft:$684 vs avg $71144%

More Insights

Built in 1983 (42 years old).
Condition: Despite being built in 1983, this property appears to have undergone significant and stylish renovations, likely within the last 5-15 years, bringing it to a 'move-in ready' condition. The kitchen features modern white flat-panel cabinetry, light countertops, a contemporary backsplash, and updated appliances (though the microwave and refrigerator are white, contrasting with the stainless range). The main living areas boast well-maintained hardwood flooring, fresh white paint, and modern light fixtures, including a striking chandelier and recessed lighting. The loft area also shows updated built-in cabinetry. While no bathroom images are provided, the overall consistent modern aesthetic suggests similar updates throughout. The property shows minimal wear and tear and is well-maintained, aligning with the 'Good' score criteria for a property extensively renovated within the specified timeframe.
Year Built
1983
Close
-
List price
$665K
Original List price
$689K
Price/Sqft
$684
HOA
$550
Days on market
-
Sold On
-
MLS number
IV24144218
Home ConditionGood
Features
View-

About this home

Very easy to see, Buyer can Assume current Loan, maybe at a lower current market rate, this unit is like a 2bedroom size, it is 972 sq ft, as per assessor, Call me for other details, Near the BEACH, 1 BR plus LARGE LOFT, with HIGH OPEN CEILING, This Unit has Electric Vehicle Plug, very valuable and convenient, extreme serenity, mature trees, more than one pool and spas, Tennis courts etc. water streams running through out property, underground gated parking for safety and convenience, area very safe to jog and walk your pets, an Ecological Reserve nearby, Airport nearby for convenience, Beach is short distance.

Price History

Date
Event
Price
08/07/95
Sold
$120,000
11/04/22
Sold
$720,000
02/07/20
Sold
$675,000
12/07/18
Sold
$622,500
05/05/16
Sold
$555,000
10/26/12
Sold
$230,000
Condition Rating
Good

Despite being built in 1983, this property appears to have undergone significant and stylish renovations, likely within the last 5-15 years, bringing it to a 'move-in ready' condition. The kitchen features modern white flat-panel cabinetry, light countertops, a contemporary backsplash, and updated appliances (though the microwave and refrigerator are white, contrasting with the stainless range). The main living areas boast well-maintained hardwood flooring, fresh white paint, and modern light fixtures, including a striking chandelier and recessed lighting. The loft area also shows updated built-in cabinetry. While no bathroom images are provided, the overall consistent modern aesthetic suggests similar updates throughout. The property shows minimal wear and tear and is well-maintained, aligning with the 'Good' score criteria for a property extensively renovated within the specified timeframe.
Pros & Cons

Pros

Prime Coastal Location: Situated in Playa Del Rey, offering proximity to the beach, an ecological reserve, and a safe neighborhood, with convenient access to the airport.
Favorable Financing Option: The potential for a buyer to assume the current loan at a lower market rate presents a significant financial advantage.
Spacious & Unique Layout: The unit boasts 972 sq ft, described as 'like a 2-bedroom size,' featuring a large loft and high open ceilings, maximizing living space and appeal.
Exceptional Community Amenities: Residents benefit from multiple pools, spas, tennis courts, serene water features, and secure underground gated parking.
Modern EV Charging: The inclusion of an Electric Vehicle Plug adds significant value and convenience for environmentally conscious buyers.

Cons

High Monthly Association Fee: A substantial HOA fee of $550.0 per month could impact affordability and long-term ownership costs.
Lack of Designated View: Despite its coastal location, the property description explicitly states 'view: None,' which might be a missed opportunity for a premium in this area.
Recent Price Reduction Below Previous Sale: The current list price of $664,800 is notably lower than its last recorded sale price of $720,000 in November 2022, and also reduced from its original list price, potentially indicating market challenges or a motivated seller.

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