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3875 Marcasel Avenue, Los Angeles, California 90066, Los Angeles, 90066 - 2 bed, 2 bath

3875 Marcasel Avenue, Los Angeles, California 90066 home-pic-0
ACTIVE$2,495,000
3875 Marcasel Avenue, Los Angeles, California 90066
2Beds
2Baths
1,588Sqft
10,853Lot
Year Built
1924
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$1,571
HOA
-
Days on market
-
Sold On
-
MLS number
21796130
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 16% below the list price. We found 4 Cons,6 Pros. Rank: price - $2.50M(61th), sqft - 1588(35th), beds - 2(14th), baths - 2(47th).

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.

Nearby schools

6/10
Grand View Boulevard Elementary School
Public,•K-5•0.3mi
8/10
Mar Vista Elementary School
Public,•K-5•0.9mi
4/10
Charnock Road Elementary School
Public,•K-6•0.9mi
7/10
Beethoven Street Elementary School
Public,•K-5•1.0mi
6/10
La Ballona Elementary School
Public,•K-5•1.1mi
4/10
Walgrove Avenue Elementary School
Public,•K-5•1.5mi
8/10
Clover Avenue Elementary School
Public,•K-5•1.5mi
6/10
Richland Avenue Elementary School
Public,•K-6•1.8mi
8/10
Grant Elementary School
Public,•PK-5•2.3mi
7/10
Culver City Middle School
Public,•6-8•1.5mi
6/10
John Adams Middle School
Public,•6-8•2.5mi
6/10
Venice Senior High School
Public,•9-12•1.0mi
8/10
Culver City High School
Public,•9-12•1.4mi
8/10
Santa Monica High School
Public,•9-12•3.4mi
6/10
University Senior High School
Public,•9-12•3.4mi

Price History

Date
Event
Price
01/31/25
Sold
$5,300,000
02/22/22
Sold
$2,495,000
09/10/19
Sold
$1,801,000
03/19/99
Sold
$525,000
Condition Rating
Poor
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.
Pros & Cons

Pros

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.
Rare Large Buildable Lot: Described as 'one of the last opportunities' for such a large, flat, and buildable lot in this sought-after area, indicating scarcity and high demand for significant development projects.
Detached Bonus Space: Includes a detached contemporary structure in the rear with a 2-story bonus space, offering immediate flexibility for an ADU, office, or studio, adding significant value and utility to the property.
Strong Neighborhood Value Proposition: Comparative properties in the area, including 'fixers' and those requiring renovation, have sold for high prices (e.g., $2.63M for a 1938 fixer), validating the strong market demand and potential for significant investment returns in this location.

Cons

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.
Existing Structure Requires Major Investment: Built in 1924, the existing 2-bed, 2-bath, 1588 sqft home is likely outdated and would require substantial renovation or demolition to realize the property's full 'dream compound' potential, adding considerable cost and effort for a buyer.

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