Chris & Berta Thomas Purchase Single Family Home From Basad Meir For $5.399M In Los Angeles

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.