Most Expensive Home in Mar Vista

  • Laci Buller Group
  • 04/5/21
Los Angeles is known around the country for its high property prices. While images of iconic mansions of Beverly Hills, Bel Air, or Malibu mansions often come to mind when thinking about the most expensive homes in Los Angeles, there are plenty of other neighborhoods commanding record-breaking prices in 2020. Mar Vista, previously thought of as a sleepy, quieter neighbor to the more notorious Venice, is one such neighborhood, with a record high recent sale of a single-family home at $4,995,000. While it is not the most expensive home in Los Angeles, this almost $5 million dollar property is a large jump for a neighborhood that only 5 years ago averaged home sales in the $887,000 price range.

What Is The Average Price of a Home in Los Angeles?

For a sense of perspective, it’s important to understand the relative value of the properties in Mar Vista, compared to the average property in Los Angeles. According to Curbed, the median price of a single-family home in Los Angeles County was $650,000 in January 2020. This year has been anything but usual so far, with the COVID-19 pandemic causing seismic changes in the real estate world, from how we conduct open homes, to buyers fleeing New York to acquire more space, pools, and access to the outdoors in Los Angeles. Despite many fears about the economy, the Los Angeles market is on the rise, and, more specifically, is considered a seller’s market.

Mar Vista Home Prices

The median home value in Mar Vista is $1,656,809, according to Zillow. Mar Vista home values have gone up 11.2% in 2020 over the past year and Zillow predicts they will rise 1.2% within the next year. The median list price per square foot in Mar Vista is $919, which is higher than the Los Angeles average of $551. The median price of homes currently listed in Mar Vista is $1,612,500 while the median price of homes that sold is $1,577,200. Furthermore, the median rent price in Mar Vista is $5,000, which is higher than the Los Angeles median of $3,500.

The Advantages of Mar Vista

Mar Vista is a residential neighborhood in the desirable Westside neighborhood of Los Angeles, CA. Mar Vista is well-positioned just a short distance from the beach, an easy commute to the business hotspot of Silicon Beach, access to the 405 and 10 freeways, and a suitable distance from the Los Angeles International Airport. Situated east of Venice and Ocean Park, west of Culver City and Palms, south of West Los Angeles, and north of Playa Vista and Marina del Rey, Mar Vista is a desirable place to live and own.
Mar Vista is a convenient neighborhood for young professionals and families. The area is replete with bike paths and dog parks, and is a highly suitable location for young families. There are several highly-rated public schools, beautiful parks, and plenty of suitable activities for families to do together within a short distance. Venice, with its trendy restaurants and boutiques, not to mention its iconic beach, is just down the street, offering plenty of activities for millennials.

New Construction in Mar Vista

Located in close proximity to Silicon Beach, Mar Vista has been experiencing a new home construction boom, with larger, modern homes going up on nearly every block. In fact, Laci Buller has earned the nickname “New Construction Queen of Mar Vista” for her frequent work with Laci combines her intimate knowledge of lots and property values with a wide network of trusted contractors, architects and developers, to work with clients who are looking for a brand-new home in Mar Vista. Some clients have built on their Mar Vista lots, transforming a smaller, older home into a modern, brand-new home best suited for today’s lifestyle and design esthetic. Others clients have purchased newly constructed homes that are ready to be moved into from developers.

Most Expensive Home In Mar Vista

12662 Rose Ave, Los Angeles CA 90066 is currently recognized as the most expensive home in Mar Vista (source: Fidelity Title). It was sold earlier this year for $4,995,000. Our firm is proud to be the agent for this record Mar Vista sale.
What makes this home special? The main estate features 5 bedrooms and 5.5 baths. Three of the bedrooms are upstairs, all boasting outdoor spaces. Gorgeous 10' tall pocket doors completely open the interior of the home to the exterior, creating an enviable indoor-outdoor flow. The kitchen boasts a 14' island, quartz countertops with popup outlets, double sinks, and designer appliances throughout. Other features include wood flooring throughout, pre-wired and installed Ring system, video cameras, and speakers in each room.
From the rooftop deck, enjoy the 360-degree panoramic views while nestled up to the fire on your own private rooftop lounge. The magnificent backyard has lush green grass, sleek concrete pavers, a vast 43' pool and 8 person spa, wood decking, and a built-in BBQ. In addition to the main house, this property includes an ADU, with 2 bedrooms and 1.75 bathrooms, clocking in approximately 1,100 sq ft.

Where to Start Your Mar Vista House Search

Whether you are looking for the expensive home for sale in Mar Vista, a starter home, a fixer, or new construction, or something else our agents at Real Legacy Estate Partners can assist. With an intimate knowledge of each pocket and street in Mar Vista, we will be honored to advise you as to the strategy for finding the perfect home for your goals.
Search Mar Vista homes for sale on our website, or type in “90066” in the search bar on our home page. On the property detail page, you will find the home address, pricing, and home features. Each listing also features a photo gallery with views of the home’s interior and exterior.
If you are a homeowner looking to sell your Mar Vista home, our listing agents can assist you in not only selling your home for top dollar, but also ensuring the process is as seamless as possible. We partner with Compass Concierge to make repairs and renovations available to homeowners with no upfront costs. This unique program allows you to increase the value of your home without investing in renovations, or even touch-ups, for your home’s interior or exterior. Perhaps your home will become the next most expensive home in Mar Vista? Whether or not that is your goal, our agents will guide you through the sale process every step of the way.
Choose Real Legacy Estate Partners to provide expert guidance in finding or selling your Mar Vista home. Call today at 310-929-6301.

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Our Mar Vista-centric real estate team is led by Laci Buller and Judy Sheller, a partnership that was founded on both agents’ appreciation of real estate beyond the individual transaction.

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