3875 Marcasel Avenue, Los Angeles, California 90066, Los Angeles, 90066 - 2 bed, 2 bath
3875 Marcasel Avenue
Los Angeles, California 90066
Property Price
SUMMARY
Analysis of 3875 Marcasel Avenue, Los Angeles, California 90066 reveals a property with a current list price of $2,495,000, which is 16% above the estimated $2,090,837 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
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 | $1,317 | - |
A 4242 Grand View Boulevard Sold | $1,930,000 | 3 | 2 | 1,714 | $1,126 | 0.6 mi |
B 3616 Mountain View Avenue Sold | $2,630,000 | 3 | 2 | 1,821 | $1,444 | 0.5 mi |
C 3904 East Boulevard Sold | $2,325,000 | 4 | 1 | 2,033 | $1,144 | 0.2 mi |
D 3625 Berryman Avenue Sold | $2,442,000 | 3 | 2 | 1,619 | $1,508 | 0.6 mi |
E 3702 Ocean View Avenue Sold | $2,180,000 | 3 | 1 | 1,218 | $1,790 | 0.4 mi |
F 3577 Inglewood Boulevard Sold | $2,500,000 | 3 | 2 | 1,699 | $1,471 | 0.5 mi |
G 11920 N Park Avenue Pending | $1,950,000 List Price | 2 | 2 | 1,534 | $1,271 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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 The only kitchen shown (in the detached contemporary unit) is very outdated with light wood cabinets, black tile flooring, an old light fixture, and appears incomplete (missing refrigerator).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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Exceptional Development Potential
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.
- Prime Westside Location
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.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-01-31. The sold price is $5,300,000.00.
- Significant Overpricing
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.
- Extended Market Duration
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.
About 3875 Marcasel Avenue
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 10,853 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Grand View Boulevard Elementary School
Grades K-5 • 0.3 mi
Mar Vista Elementary School
Grades K-5 • 0.9 mi
Charnock Road Elementary School
Grades K-6 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,588 | 1,826 | 40% |
| Lot Size | 10,853 | 5,751 | 97% |
| Price | $2.50M | $2.10M | 64% |
| Price per sq ft | $1.6K | $1.2K | 93% |
| Built year | 1924 | 1952 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 1601 | 175 | 0% |
Pricing History
Sold
Jan 31, 2025
$5,300,000
Public Record
Sold
Feb 22, 2022
$2,495,000
Public Record
Sold
Sep 10, 2019
$1,801,000
Public Record
Sold
Mar 19, 1999
$525,000
Public Record