3875 Marcasel Avenue, Los Angeles, California 90066, Los Angeles, 90066 - 2 bed, 2 bath
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Los Angeles, California 90066
This High-Potential Development Asset is listed at $2,495,000, representing a stable entry point aligned with its $2,490,742 Fair Market Value. Located in the Oval District, the property’s value is anchored by an expansive 10,853 sq. ft. flat lot and a Condition Rating of 5, signaling a prime site for a custom compound. Featuring a detached 2-story bonus space and proximity to top-rated Mar Vista Elementary and Culver City High, the site offers immense forced appreciation potential through redevelopment. This is a strategic acquisition for Visionary Developers or Owner-Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3875 Marcasel Avenue Subject | $2,495,000* List Price | 2 | 2 | 1,588 | $1,568 | - |
A 3938 East Boulevard Sold | $2,250,000 | 4 | 3 | 2,042 | $1,102 | 0.2 mi |
B 3591 Grand View Sold | $2,300,000 | 2 | 1 | 1,571 | $1,464 | 0.6 mi |
C 3616 Mountain View Avenue Sold | $2,630,000 | 3 | 2 | 1,821 | $1,444 | 0.5 mi |
D 11920 N Park Avenue Sold | $2,000,000 | 2 | 2 | 1,534 | $1,304 | 0.0 mi |
E 4242 Grand View Boulevard Sold | $1,930,000 | 3 | 2 | 1,714 | $1,126 | 0.6 mi |
F 3702 Ocean View Avenue Sold | $2,180,000 | 3 | 1 | 1,218 | $1,790 | 0.4 mi |
G 3571 Ocean View Avenue Active Under Contract | $2,999,950 List Price | 3 | 2 | 1,639 | $1,830 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1924, and the listing description explicitly states that the 'existing structure requires major investment' and would need 'substantial renovation or demolition' to realize the property's full potential. The only kitchen shown (in the detached contemporary unit) is very outdated with light wood cabinets, black tile flooring, an old light fixture, and appears incomplete (missing refrigerator). While the main house has hardwood floors and fresh paint, the popcorn ceilings and dated light fixtures indicate a lack of recent major renovations. The overall condition suggests significant rehabilitation is needed to meet modern living standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10853, living area = 1588.
The property boasts an expansive and completely flat 1/4 acre lot, explicitly marketed as a rare opportunity to build a custom 'dream compound' with multiple structures and an estate-sized pool, appealing to high-end developers or homeowners.
Situated in 'The Oval District,' referred to as 'The Beverly Hills of Mar Vista,' the location offers convenient access to Venice Beach, Culver City, Santa Monica, and Playa Vista, catering to a desirable coastal lifestyle.
The property was recently sold within the past year on 2025-01-31. The sold price is $5,300,000.00.
The current list price of $2.495M is 16% higher than the estimated market value of $2.09M, suggesting it may be overpriced in its current state and could deter potential buyers.
The property has been on the market since October 2021, indicating a prolonged listing period which could signal challenges with pricing, condition, or the specific niche of the development opportunity.
Incredible big lot vibes at this expansive and completely flat 1/4 acre lot in The Oval District, locally referred to as The Beverly Hills of Mar Vista. Originally home to the classic Mar Vista Race Track, this section of town offers one of the last opportunities to build your own lush compound in the heart of the Westside. Central to Venice Beach, Culver City, Santa Monica, and Playa Vista, this rare setting is ideally located to the most desired coastal lifestyle convenient to everything LA minded. 3873, a detached contemporary in the rear of the property, includes a 2 story bonus space waiting to be transformed. Build your dream compound with more than one structure, an estate sized pool, and the idyllic setting you have always wanted to create just a few miles from the coast. Truly a special opportunity, beyond what you'd expect from an average buildable Mar Vista property site. LA, the most international and coveted space to create your environment of creativity and love. Home, is here.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.9 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 1,588 | 1,821 | 40% |
| Lot Size | 10,853 | 5,702 | 97% |
| Price | $2.50M | $2.05M | 68% |
| Price per sq ft | $1.6K | $1.2K | 90% |
| Built year | 1924 | 1950 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 1648 | 170 | 0% |
Jan 31, 2025
$5,300,000
Public Record
Feb 22, 2022
$2,495,000
Public Record
Sep 10, 2019
$1,801,000
Public Record
Mar 19, 1999
$525,000
Public Record