
Los Angeles, California 90066
This Single Family Residence in Mar Vista represents a unique Hybrid Investment Opportunity, listed at $3,199,999 against a $2,723,544 Fair Market Value. While priced above current market estimates, the property offers significant long-term upside through its ADU Conversion Potential and Unobstructed City Light Views. With a Fair Condition Rating reflecting 20-year-old renovations, the home provides a solid foundation for modernization. Located just 0.2 miles from the highly-rated Mar Vista Elementary School, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through strategic upgrades.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3312 Grand View Boulevard Subject 4 bd · 4 ba · 2,653 sqft · $1,027 | $3,199,999* List Price | 4 | 4 | 2,653 | $1,027 | - |
A 12542 Brooklake Street Sold 4 bd · 3 ba · 2,686 sqft · $1,015 · 0.3 mi | $2,725,000 | 4 | 3 | 2,686 | $1,015 | 0.3 mi |
B 11979 Woodbine Street Sold 4 bd · 4 ba · 2,478 sqft · $936 · 0.2 mi | $2,320,000 | 4 | 4 | 2,478 | $936 | 0.2 mi |
C 3158 Grand View Boulevard Sold 4 bd · 3 ba · 2,185 sqft · $1,041 · 0.2 mi | $2,275,000 | 4 | 3 | 2,185 | $1,041 | 0.2 mi |
D 12600 Appleton Way Sold 4 bd · 4 ba · 2,643 sqft · $851 · 0.4 mi | $2,250,000 | 4 | 4 | 2,643 | $851 | 0.4 mi |
E 3004 Stoner Avenue Sold 5 bd · 4 ba · 2,900 sqft · $994 · 0.5 mi | $2,882,000 | 5 | 4 | 2,900 | $994 | 0.5 mi |
F 3601 Wade Street Sold 4 bd · 4 ba · 2,849 sqft · $1,300 · 0.6 mi | $3,705,000 | 4 | 4 | 2,849 | $1,300 | 0.6 mi |
G 11801 Rose Avenue Sold 3 bd · 2 ba · 1,880 sqft · $1,197 · 0.3 mi | $2,250,000 | 3 | 2 | 1,880 | $1,197 | 0.3 mi |
H 12317 Navy Street Sold 3 bd · 3 ba · 2,530 sqft · $1,028 · 0.3 mi | $2,600,000 | 3 | 3 | 2,530 | $1,028 | 0.3 mi |
I 3200 Stoner Avenue Pending 4 bd · 4 ba · 2,421 sqft · $1,032 · 0.3 mi | $2,499,000 List Price | 4 | 4 | 2,421 | $1,032 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property underwent a comprehensive remodel between 2001-2003, placing the primary interior updates and bathrooms at over 20 years old. While the home is well-maintained and functional, the finishes are dated and the age of the major renovation falls within the Fair criteria.
The property boasts unobstructed city light views and an open outlook with no homes directly in front, providing a rare sense of space and privacy in the Mar Vista Hills.
A detached garage offers significant investment appeal and versatility, providing a clear opportunity for an ADU conversion to serve as a guest house or rental unit.
Ideally situated just 0.2 miles from the highly-rated Mar Vista Elementary School, this home is located in a premier residential pocket known for its long-term value and community appeal.
While well-maintained, the comprehensive interior remodel was completed over 20 years ago (2001-2003), which may necessitate further modern updates to justify the premium price point.
At a list price of nearly $3.2 million for a 5,773 square foot lot, the property is positioned at the top of the market, which may limit the pool of buyers looking for more land at this valuation.
Ideally situated in the coveted Mar Vista Hills, 3312 Grand View Blvd offers a rare blend of California living, captivating views, and enduring investment value. Thoughtfully updated over two decades of ownership, the home underwent a comprehensive remodel in 2001-2003, followed by the creation of a beautifully developed backyard retreat approximately 10 years ago. The outdoor space evokes a private paradise, offering an inviting setting for relaxed afternoons, entertaining, and making lasting family memories. Across the street, a neighborhood park adds another dimension to the home's appeal, creating an open, welcoming atmosphere with room to play, unwind, and enjoy the outdoors. With no homes directly in front, the property benefits from an expansive outlook, an enhanced sense of space, and second floor ocean views. A detached garage presents exciting potential for ADU conversion, subject to applicable approvals, offering added flexibility and future value. Combining a serene residential setting, a backyard oasis, open views, and meaningful upside, 3312 Grand View Blvd is an exceptional opportunity to enjoy the best of Mar Vista living while investing in a property with lasting potential.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.9 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,653 | 1,670.836 |
| Lot Size | 5,773 | 6,152.156 |
| Price | $3.20M | $1.34M |
| Price per sq ft | $1.2K | $807 |
| Built year | 1947 | 1941 |
| HOA | $0 | $238 |
| Days on market | 26 | 56 |
Oct 14, 2026
$3,199,999
Initial Listing
Jan 20, 2005
$1,283,000
Public Record