Updated Aug 11, 2026
Chris & Berta Thomas Purchase Single Family Home From Basad Meir For $5.399M In Los Angeles
3951 Marcasel Avenue
$5,399,000
$1,077/SF
Building Size
5,012 SF
Asset Type
Single Family Residence
Closing
Aug 3, 2026
About this deal
AI
The property involved in this transaction is a single-family home located at 3951 Marcasel Avenue in the Los Angeles market. The asset was sold for $5,399,000, encompassing a total square footage of 5,012 and a price per square foot of $1,077.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,399,000
- Address: 3951 Marcasel Avenue
- Market: Los Angeles
- Square Footage: 5,012
- Price per Square Foot: $1,077
- Buyer: Chris & Berta Thomas
- Seller: Basad Meir
- Seller's Representative: Derrick J. Smith & Noor Daneshgar - Coldwell Banker
Derrick J. Smith and Noor Daneshgar, representing the seller, noted that this transaction sets a new price benchmark for new construction in the Oval District of Mar Vista. They successfully sold two brand-new construction homes in the Oval District in a record time.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93